ARTRONIQ

0.240

-0.01 (-4%)

Execution of Letter of Intent ("LOI") awarded by Panda Commercial Bank PLC based in Cambodia

ARTRONIQ BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-15112022-00001
Subject Execution of Letter of Intent ("LOI") awarded by Panda Commercial Bank PLC based in Cambodia
Description
ARTRONIQ BERHAD ("ARTRONIQ" OR "THE COMPANY")
-EXECUTION OF LETTER OF INTENT AWARDED BY PANDA COMMERCIAL BANK PLC BASED IN CAMBODIA
Query Letter Contents

We refer to your Company’s announcement dated 14 November 2022, in respect of the aforesaid matter.

 

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

  1. Whether the LOI is binding
  2. Commencement and expiry dates of the LOI, whether renewable, and if so, for how long.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

 

Yours faithfully

LISTING

REGULATION

                                                                                                                                                                        

Cc : Market Surveillance Dept., Securities Commission (via fax)

Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 14 November 2022 in relation to the Execution of Letter of Intent awarded by Panda Commercial Bank PLC based in Cambodia (“Announcement”)

The Board of Directors of Artroniq Berhad (“Artroniq” or “the Company”) wishes to inform that the Company has received Bursa Malaysia Securities Berhad’s request dated 15 November 2022 for additional information in relation to the Company’s announcement made on 14 November 2022. The additional information are as follows:

1. Whether the LOI is binding.

The LOI is non-legally binding in nature. The Parties shall further discuss and mutually agree on other terms and conditions prior to signing of a definitive agreement.

2. Commencement and expiry dates of the LOI, whether renewable, and if so, for how long.

The commencement date of the LOI is 14 November 2022 and there is no expiration date to the LOI.

This announcement is dated 16 November 2022.





Announcement Info

Company Name ARTRONIQ BERHAD
Stock Name ARTRONIQ
Date Announced 16 Nov 2022
Category General Announcement for PLC
Reference Number GA1-16112022-00053