News
Memorandum Of Understanding
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description |
ADVANCE SYNERGY BERHAD ("ASB" OR "COMPANY") MEMORANDUM OF UNDERSTANDING ("MOU") - UPDATE ON MOU ENTERED INTO FOR THE PROPOSED DISPOSAL OF 80% EQUITY INTEREST IN SYNERGY CARDS SDN BHD ("SCSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY [HELD VIA ADVANCE SYNERGY CAPITAL SDN BHD ("ASCAP")], A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY |
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Further to the Company’s announcement made on 5 December 2017 pertaining to the MOU entered into by ASCAP with AppAsia Berhad (“AppAsia”) for the purpose of recording their intention to enter into a share sale agreement and other ancillary agreements (collectively, “Definitive Agreements”) in relation to the proposed disposal by ASCAP of 80% equity interest in SCSB to AppAsia, the Board of Directors of ASB wishes to announce that the Definitive Agreements have yet to be executed by the parties.
The announcement is dated 28 February 2018. |
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Announcement Info
| Company Name | ADVANCE SYNERGY BERHAD |
| Stock Name | ASB |
| Date Announced | 28 Feb 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28022018-00176 |