MEMORANDUM OF UNDERSTANDING DAGANG NeXCHANGE BERHAD ("DNeX" OR "COMPANY") - EXTENSION OF MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN DNEX AND BIG INNOVATION HOLDINGS LIMITED
DAGANG NEXCHANGE BERHAD |
Type | Announcement |
Subject | MEMORANDUM OF UNDERSTANDING |
Description | DAGANG NeXCHANGE BERHAD ("DNeX" OR "COMPANY") - EXTENSION OF MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN DNEX AND BIG INNOVATION HOLDINGS LIMITED |
We refer to the Company’s announcement on 17 May 2022. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the previous announcement.
The Company wishes to inform that DNeX and Big Innovation Holdings Limited (“BIH”) is still in the midst of discussion on the structure of a proposed joint venture to build and operate a new 12-inch wafer fabrication plant in Malaysia, capable of producing up to 40,000 wafers per month in the 28-nanometer and 40-nanometer technology.
In view of the above, DNeX and BIH have mutually agreed to extend the duration of the Memorandum of Understanding for a further period of one (1) year until 16 May 2024.
This announcement is dated 29 May 2023. |
Announcement Info
Company Name | DAGANG NEXCHANGE BERHAD |
Stock Name | DNEX |
Date Announced | 29 May 2023 |
Category | General Announcement for PLC |
Reference Number | GA1-29052023-00078 |