MEMORANDUM OF UNDERSTANDING MEMORANDUM OF UNDERSTANDING (MOU) DATED 31 JULY 2019 BETWEEN BIOTEK DINAMIK SDN BHD (BDSB), FGV PALM INDUSTRIES SDN BHD (FGVPI) AND SIME DARBY ENERGY SOLUTIONS SDN BHD (SDES) - EXPIRATION AND NON-RENEWAL OF THE MOU
| FGV HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | MEMORANDUM OF UNDERSTANDING (MOU) DATED 31 JULY 2019 BETWEEN BIOTEK DINAMIK SDN BHD (BDSB), FGV PALM INDUSTRIES SDN BHD (FGVPI) AND SIME DARBY ENERGY SOLUTIONS SDN BHD (SDES) - EXPIRATION AND NON-RENEWAL OF THE MOU |
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We refer to the FGV Holdings Berhad (“FGV”)’s announcement dated 31 July 2019 in relation to the MOU entered between FGVPI, a 72%-owned subsidiary of Felda Holdings Bhd, which in turn is a wholly-owned subsidiary of FGV, with SDES and BDSB.
FGV wishes to inform that the MOU will be expiring on 30 July 2021 and FGVPI does not intend to renew the MoU.
The expiry of the MOU will not have any effect financially and legally to all parties, does not preclude FGVPI from exploring future business opportunities with SDES and BDSB, and does not affect FGV’s sustainability agenda and commitments.
Upon the expiry of the MOU, no parties shall have any claim whatsoever, directly or indirectly, against the other party in respect of the MOU.
This announcement is dated 29 July 2021. |
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Announcement Info
| Company Name | FGV HOLDINGS BERHAD |
| Stock Name | FGV |
| Date Announced | 29 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29072021-00031 |