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UCREST BERHAD ("UCREST" OR THE "COMPANY") - BUSINESS PARTNERSHIP AGREEMENT WITH STAYONLINE LTD ("BPA")

UCREST BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-25032024-00001
Subject UCREST BERHAD ("UCREST" OR THE "COMPANY") - BUSINESS PARTNERSHIP AGREEMENT WITH STAYONLINE LTD ("BPA")
Description
UCREST BERHAD ("UCREST" OR "THE COMPANY") 
- REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") DATED 25 MARCH 2024 PERTAINING TO THE BUSINESS PARTNERSHIP AGREEMENT ("BPA") WITH STAYONLINE LTD
Query Letter Contents

We refer to your Company’s announcement dated 21 March 2024, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) Whether the BPA is renewable, and if so, details of such renewal.
2) The value of the BPA, or the basis for determining the payment to be made to Ucrest.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
Listing Division, Regulation
Cc : Market Surveillance Dept. , Securities Commission (via fax)

We refer to the announcement made by the Company dated 21 March 2024 pertaining to the BPA with StayOnline Ltd (“Announcement”) and the query from Bursa Securities dated 25 March 2024 (IQL-25032024-00001) in relation to the Announcement (“Bursa Query”). Unless otherwise stated, the terms used throughout this announcement shall have the same meanings as defined in the Announcement.

 

Please refer to the attachment for the reply to the query letter from Bursa Securities.



Please refer attachment below.



Announcement Info

Company Name UCREST BERHAD
Stock Name UCREST
Date Announced 26 Mar 2024
Category General Announcement for PLC
Reference Number GA1-26032024-00038



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