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Sasbadi, Huawei to collaborate in e-learning products

TheEdge Tue, Jun 30, 2020 07:18pm - 4 days ago

KUALA LUMPUR (June 30): Educational publisher Sasbadi Holdings Bhd plans to collaborate with China's Huawei on the development of e-learning products by leveraging the latter's cloud artificial intelligence technology and to implement joint opportunities.

In a bourse filing today, Sasbadi said it has entered into a memorandum of collaboration with Huawei, which includes jointly promoting Sasbadiā€™s e-learning products in Malaysia and Southeast Asia via Huawei cloud marketplace.

The memorandum will remain in force for two years.

"Through the collaborative activities with Huawei, the memorandum is expected to contribute positively to the group's earnings and net assets for the financial year ending Aug 31, 2020 and onwards," it added.

Sasbadi also said the cost of the collaborative activities will be funded on terms that will be mutually agreed upon by the two parties, on a case-to-case basis and subject to the availability of funds.

Sasbadi shares closed unchanged at 11.5 sen, bringing a market capitalisation of RM48.2 million. A total of 327,100 shares were done.

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