News
Advance Synergy Berhad ("ASB") Announcement By Unified Communications Holdings Limited ("UCH"), A 58.3%-Owned Subsidiary Of ASB [Held Via Worldwide Matrix Sdn Bhd, A Wholly-Owned Subsidiary Of ASB], To The Singapore Exchange Securities Trading Limited ("SGX") On The Memorandum Of Understanding ("NOU") Signed Between Its Wholly-owned Subsidiary, Unified Communications Sdn Bhd ("UCSB") And Quintum Technologies Inc ("Quintum")
BackJun 17, 2005
| General Announcement Reference No AS-050617-62709 |
| Company Name | : | ADVANCE SYNERGY BERHAD |
| Stock Name | : | ASB |
| Date Announced | : | 17/06/2005 |
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| Type | : | Announcement |
| Subject | : | ADVANCE SYNERGY BERHAD ("ASB") Announcement by Unified Communications Holdings Limited ("UCH"), a 58.3%-owned subsidiary of ASB [held via Worldwide Matrix Sdn Bhd, a wholly-owned subsidiary of ASB], to the Singapore Exchange Securities Trading Limited ("SGX") on the Memorandum of Understanding ("MOU") signed between its wholly-owned subsidiary, Unified Communications Sdn Bhd ("UCSB") and Quintum Technologies Inc ("Quintum") |
Contents :
We refer to our announcement made on 18 June 2004 in relation to the MOU with Quintum and wish to announce that our 58.3%-owned subsidiary, UCH which is listed on the SGX, had on 17 June 2005 announced that, in order to further enhance both parties' time-to-market, UCSB and Quintum have decided not to pursue the OEM arrangement and therefore not to extend the MOU. Instead, UCH and Quintum have formed a strategic alliance to tap on each other's capabilities to market and distribute their products. Consequently, the MOU with Quintum has lapsed and ceased to be effective.
Please refer to the attached files for the said announcement and the press release made by UCH to the SGX.
[This announcement is dated 17 June 2005]
Cessation of MOU.pdf
Press Release.pdf
Attachments
- Press_Release_1.pdf (Size: 152,778 bytes)
- Cessation_of_MOU_1.pdf (Size: 48,733 bytes)