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MEMORANDUM OF UNDERSTANDING Unitrade Industries Berhad ("UIB" or "the Company") - Update on the status of Memorandum of Understanding ("MoU") between Syarikat Logam Unitrade Sdn Bhd, a wholly-owned subsidiary of the Company, Huawei Technologies (Malaysia) Sdn Bhd and JJ-LAPP (M) Sdn Bhd

UNITRADE INDUSTRIES BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
Unitrade Industries Berhad ("UIB" or "the Company")
- Update on the status of Memorandum of Understanding ("MoU") between Syarikat Logam Unitrade Sdn Bhd, a wholly-owned subsidiary of the Company, Huawei Technologies (Malaysia) Sdn Bhd and JJ-LAPP (M) Sdn Bhd

Reference is made to the Company’s announcement dated 23 January 2024 in relation to the MoU between SYAL, Huawei and JJ-LAPP. Unless otherwise stated, the term herein shall bear the same meaning as defined in the said announcement.

 

The Board of Directors of the Company (the “Board”) wishes to announce that SYAL had on 22 April 2024 entered into a Collaboration Agreement (“the Agreement”) with Huawei and JJ-LAPP to collaborate in the purchase and sale of products related to the Huawei Digital Power-Smart PV solutions, subject to and upon the terms and conditions of the Agreement.

 

The Agreement shall now supersede the MoU entered on 23 January 2024. As such, the MoU would therefore no longer subsist. 

 

This announcement is dated 22 April 2024.






Announcement Info

Company Name UNITRADE INDUSTRIES BERHAD
Stock Name UNITRAD
Date Announced 22 Apr 2024
Category General Announcement for PLC
Reference Number GA1-22042024-00079



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