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

UCREST BERHAD

Type Announcement
Subject OTHERS
Description
UCREST BERHAD ("UCREST" OR "THE COMPANY")
- BUSINESS PARTNERSHIP AGREEMENT ("BPA") WITH STAYONLINE LTD

Reference is made to the announcement made by the Company on 21 March 2024 pertaining to the BPA with StayOnline Ltd (“Announcement”) and the Company’s reply to query from Bursa Malaysia Securities Berhad dated 25 March 2024 (IQL-25032024-00001) in relation to the Announcement on 26 March 2024 (“Reply to Query”). Unless otherwise stated, the terms used throughout this announcement shall have the same meanings as defined in the Announcement and the Reply to Query.

 

The Company wishes to clarify that the duration of the BPA is five (5) years from 21 March 2024 till 20 March 2029. Upon the expiry of BPA, the BPA is renewable automatically. The renewal period is not specified in the BPA and will be determined upon the expiry of the BPA.

 

This announcement is dated 27 March 2024.






Announcement Info

Company Name UCREST BERHAD
Stock Name UCREST
Date Announced 27 Mar 2024
Category General Announcement for PLC
Reference Number GA1-26032024-00082



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