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MEMORANDUM OF UNDERSTANDING THETA EDGE BERHAD ("THETA EDGE" OR "COMPANY") - MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN THETA EDGE BERHAD AND NOVA MSC BERHAD ("NOVA")

THETA EDGE BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
THETA EDGE BERHAD ("THETA EDGE" OR "COMPANY")
- MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN THETA EDGE BERHAD AND NOVA MSC BERHAD ("NOVA")

We refer to the announcements dated 31 January 2023 and 29 November 2023 in relation to the MOU between Theta Edge and NOVA and the announcement dated 5 September 2023 in relation to the Joint Venture and Shareholders' Agreement between Theta Edge and NOVA. Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the said announcements.

 

The Board of Directors of the Company wishes to update the progress of the joint venture as follows: 

 

(i) The business plans are being finalised to ensure that they are aligned with the strategic objectives, market opportunities and the joint venture company's vision, goals, target markets and strategies for growth.      

 

(ii) In line with the joint venture's strategy to establish partnerships and to garner support for Proof of Concept (POC) initiatives, outreach efforts has been initiated to targeted ministries/governmental bodies in anticipation for a successful collaboration to demonstrate the value and impact of the innovative solutions. 

 

(iii) Implementation of initiatives to enhance the team's expertise and skills through training programs, workshops and collaborative sessions to drive product development and innovation effectively. 

 

The Company will make the appropriate announcement if there is any material development. 

 

This announcement is dated 26 February 2024

 

 






Announcement Info

Company Name THETA EDGE BERHAD
Stock Name THETA
Date Announced 26 Feb 2024
Category General Announcement for PLC
Reference Number GA1-22022024-00057



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