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MEMORANDUM OF UNDERSTANDING Memorandum of Understanding between Tex Cycle (P2) Sdn Bhd and MyBamboo Sdn Bhd

TEX CYCLE TECHNOLOGY (M) BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
Memorandum of Understanding between Tex Cycle (P2) Sdn Bhd and MyBamboo Sdn Bhd

We refer to the Company’s announcement on 23 June 2020, 2 October 2020 17 February 2021, 2 June 2021, 30 August 2021, 30 November 2021, 25 February 2022 and 25 May 2022 pertaining to the Memorandum of Understanding entered with MyBamboo Sdn Bhd towards a strategic partnership to collaborate and conduct their respective and collective organisations’ business for the success of their entry into the new and global markets to be mutually agreed (“MOU”). Unless otherwise defined, the definitions set out in the previous announcement shall apply herein.

 

The Board of Directors wishes to announce that Tex Cycle (P2) Sdn Bhd and MyBamboo Sdn Bhd had mutually agreed to terminate the MOU with effect from 21 July 2022. No definitive agreement has been entered by Tex Cycle (P2) Sdn Bhd and MyBamboo Sdn Bhd pursuant to the MOU.

 

The termination of the MOU does not have any financial impact to the Company and its subsidiaries.

 

This announcement is dated 21 July 2022.






Announcement Info

Company Name TEX CYCLE TECHNOLOGY (M) BERHAD
Stock Name TEXCYCL
Date Announced 21 Jul 2022
Category General Announcement for PLC
Reference Number GA1-21072022-00040


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