BENALEC

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MEMORANDUM OF UNDERSTANDING BENALEC HOLDINGS BERHAD ("BENALEC" OR "THE COMPANY") Update on the status of Memorandum of Understanding entered into between Shanxi Construction Investment Group Co. Ltd., Malaysian Palm Oil Board and Institute of Coal Chemistry, Chinese Academy of Sciences and Pengerang Maritime Industries Sdn. Bhd., a wholly-owned subsidiary of Benalec Sdn. Bhd., which in turn is wholly-owned by Benalec on Technical Exchange on Production of 2nd Generation Biodiesel and Biojet Fuel in Malaysia

BENALEC HOLDINGS BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
BENALEC HOLDINGS BERHAD ("BENALEC" OR "THE COMPANY")
Update on the status of Memorandum of Understanding entered into between Shanxi Construction Investment Group Co. Ltd., Malaysian Palm Oil Board and Institute of Coal Chemistry, Chinese Academy of Sciences and Pengerang Maritime Industries Sdn. Bhd., a wholly-owned subsidiary of Benalec Sdn. Bhd., which in turn is wholly-owned by Benalec on Technical Exchange on Production of 2nd Generation Biodiesel and Biojet Fuel in Malaysia

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as defined in the Company's initial announcement dated 13 December 2021.)

 

Further to the announcements made by the Company on 13 December 2021, 11 March 2022 and 10 June 2022 pertaining to the MOU entered into between Shanxi Construction Investment Group Co. Ltd., Malaysian Palm Oil Board and Institute of Coal Chemistry, Chinese Academy of Sciences and Pengerang Maritime Industries Sdn. Bhd., a wholly-owned subsidiary of Benalec Sdn. Bhd., which in turn is wholly-owned by Benalec on Technical Exchange on Production of 2nd Generation Biodiesel and Biojet Fuel in Malaysia, the Company wishes to inform that there is no material development to the said MOU since the last announcement.

 

The Company will make the appropriate announcement on any new development to the MOU, if any.

 

This announcement is dated 9 September 2022.






Announcement Info

Company Name BENALEC HOLDINGS BERHAD
Stock Name BENALEC
Date Announced 09 Sep 2022
Category General Announcement for PLC
Reference Number GA1-07092022-00009