MEMORANDUM OF UNDERSTANDING

Company Name SANICHI TECHNOLOGY BERHAD
Stock Name SANICHI
Date Announced 29 Jun 2022
Category General Announcement for PLC
Reference Number GA1-29062022-00045

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
SANICHI TECHNOLOGY BERHAD ("SANICHI" OR "THE COMPANY")
- TERMINATION OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN THE COMPANY, PNE PCB BHD ("PNE"), AT SYSTEMATIZATION BERHAD ("ATS") AND ARZON SOLAR, LLC ("ARZ")

Further to the announcement made by the Company on 28 June 2022, the Company wishes to inform that all parties agreed that the demand for mechanical air ventilors had reduced tremendously in parallel with the improving situation of Covid-19 globally which led to the Termination on 28 June 2022.

 

This announcement is dated 29 June 2022.






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