MEMORANDUM OF UNDERSTANDING BETWEEN AGESON NET SDN BHD ("ANSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND KOPERASI BELIA NASIONAL BERHAD
AGESON BERHAD |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-04102022-00001 |
Subject | MEMORANDUM OF UNDERSTANDING BETWEEN AGESON NET SDN BHD ("ANSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND KOPERASI BELIA NASIONAL BERHAD |
Description | AGESON BERHAD ("AGESON" OR THE "COMPANY") - MEMORANDUM OF UNDERSTANDING BETWEEN AGESON NET SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND KOPERASI BELIA NASIONAL BERHAD |
Query Letter Contents | We refer to your Company’s announcement dated 3 October 2022, in respect of the aforesaid matter.
1) To disclose whether the Smart Vending Machines are still in the development stage and to comment on the commercial prospects as well as the risk/potential risk together with the relevant mitigating factors for ANSB to undertake such business undertaking.
2) The detailed basis in arriving at/ achieving target revenue of approximately RM2.3 billion per annum from the sale of products in/from Smart Vending Machines (“Targeted Revenue”).
6) To further elaborate on whether ANSB (which was incorporated on 29 July 2022) and/or Ageson Berhad has the expertise/ personnel with necessary experience as an operator to manage the business operation of Kobena’s Smart Vending Machines.
7) To state the risks in relation to the MOU.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully, Regulation Cc : Market Surveillance Dept., Securities Commission |
Reference is made to the letter dated 4 October 2022 from Bursa Malaysia Securities Berhad ("Bursa Securities") in respect of the Company's annnouncement made on 3 October 2022.
This announcement is dated 5 October 2022. |
Please refer attachment below.
Announcement Info
Company Name | AGESON BERHAD |
Stock Name | AGES |
Date Announced | 05 Oct 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-05102022-00009 |