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OTHERS CONTRACT ENTERED INTO BY PALETTE SYSTEM SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF UCREST BERHAD (FORMERLY KNOWN AS PALETTE MULTIMEDIA BERHAD) WITH TRADE HOUSE ATLANTIS LIMITED

UCREST BERHAD

Type Announcement
Subject OTHERS
Description
CONTRACT ENTERED INTO BY PALETTE SYSTEM SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF UCREST  BERHAD (FORMERLY KNOWN AS PALETTE MULTIMEDIA BERHAD) WITH TRADE HOUSE ATLANTIS LIMITED

Pursuant to Rule 9.03 of ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of UCrest Berhad (Formerly known as Palette Multimedia Bhd) (“UCrest” or “the Company”) wishes to inform that Palette System Sdn Bhd (Company No.538216-T), a wholly-owned subsidiary of the Company had entered into the following contract for the sale of hardware related products (“Contract”) to the party stated below :-

Party

Products

Contract value (USD)

RM (equivalent)*

Expected Date of Delivery

Date of Contract

Trade House Atlantis Limited

Hardware platform

211,365.38

859,623.00

To be delivered latest by 15 May 2018

5 December 2017 (Accepted on 7 December 2017)

*Based on exchange rate of USD1.00:RM4.0670 as at 7 December 2017.

The Contract is expected to contribute positively to the net assets per share and earnings per share of UCrest and its subsidiaries for the financial year ending 31 May 2018.

UCrest does not foresee any exceptional risks other than execution risks, political risks and country risks associated with the Contract.

None of the Directors and/or major shareholders of UCrest or persons connected with them have any interests, direct or indirect, in the Contract.

This announcement is dated 7 December 2017.






Announcement Info

Company Name UCREST BERHAD
Stock Name UCREST
Date Announced 07 Dec 2017
Category General Announcement for PLC
Reference Number GA1-07122017-00027



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