MEMORANDUM OF UNDERSTANDING AT SYSTEMATIZATION BERHAD MEMORANDUM OF COLLABORATION ("MOC") BETWEEN AT PRECISION TOOLING SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF AT SYSTEMATIZATION BERHAD ("ATS"), AND SHANGHAI JIE NA XIN MECH & ELEC EQUIPMENT CO. LTD ("JNX")
| AT SYSTEMATIZATION BERHAD |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | AT SYSTEMATIZATION BERHAD
MEMORANDUM OF COLLABORATION ("MOC") BETWEEN AT PRECISION TOOLING SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF AT SYSTEMATIZATION BERHAD ("ATS"), AND SHANGHAI JIE NA XIN MECH & ELEC EQUIPMENT CO. LTD ("JNX") |
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(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 5 May 2020 in relation to the MOC, where applicable, unless stated otherwise or defined herein.) With reference to the Company’s announcement made on 5 May 2020, the Board of Directors of ATS wishes to inform that there has been no material development on the status of the MOC between ATP, a wholly-owned subsidiary of ATS, and JNX for the collaboration in the business relating to producing high precision tooling parts for meltblown nonwoven fabric mask making machines such as spinneret (“Product”) as well as localisation of the Product. This announcement is dated 4 August 2020.
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Announcement Info
| Company Name | AT SYSTEMATIZATION BERHAD |
| Stock Name | AT |
| Date Announced | 04 Aug 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03082020-00003 |