FIBON

0.450

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MEMORANDUM OF UNDERSTANDING Update on the Memorandum of Agreement between Fibon Capital Sdn. Bhd. ("FCSB"), a wholly-owned subsidiary of Fibon Berhad ("Fibon" or "the Company") and EZauto Asia Sdn. Bhd. ("EZAuto")

FIBON BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
Update on the Memorandum of Agreement between Fibon Capital
Sdn. Bhd. ("FCSB"), a wholly-owned subsidiary of Fibon Berhad
("Fibon" or "the Company") and EZauto Asia Sdn. Bhd. ("EZAuto")

Unless otherwise redefined, the definitions used herein shall be the same as those defined in the earlier announcement in relation to the Memorandum of Agreement (“MOA”).

 

Reference is made to the Company’s earlier announcement on 8 November 2019, 11 November 2019, 23 January 2020, 23 April 2020, 23 July 2020 and 23 October 2020 in relation to the above.

 

Fibon wishes to announce that the FCSB and EZAuto had on 15 December 2020 mutually agreed to terminate the MOA with immediate effect as there was no material development of the MOA.

 

 

This announcement is dated 15 December 2020.






Announcement Info

Company Name FIBON BERHAD
Stock Name FIBON
Date Announced 15 Dec 2020
Category General Announcement for PLC
Reference Number GA1-15122020-00008