Memorandum Of Understanding

Back Dec 01, 2023
Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description Cypark Resources Berhad ("CRB" or "the Company") Status Update on the Memorandum of Understanding ("MOU") between Huawei Technologies (Malaysia) Sdn. Bhd. and the Company
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings in the previous announcement made by the Company on the MOU between Huawei Technologies (Malaysia) Sdn. Bhd. (“Huawei”) and the Company.

The Board of Directors of the Company wishes to announce that the Company has no intention of extending the duration of the MOU as there were no further developments in the areas of collaboration. Consequently, the MOU shall expire and lapse on 2 December 2023 and shall be of no further force and effect.

The expiry of MOU will not have any material financial impact on CRB and its subsidiaries.

This announcement is dated 1 December 2023.

Announcement Info

Company Name CYPARK RESOURCES BERHAD
Stock Name CYPARK
Date Announced 01 Dec 2023
Category General Announcement for PLC
Reference Number GA1-30112023-00102