The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in our earlier announcements in relation to the Decision by MyCC.
We refer to our earlier announcements dated 12 July 2018, 20 August 2018, 3 September 2018 and 26 February 2021 in relation to the Decision by MyCC.
The Board of Directors of the Company wishes to announce that Dagang Net, a wholly-owned subsidiary of the Company, had on 17 March 2021 filed its Notice of Appeal at the Competition Appeal Tribunal (“CAT”) to appeal against the Decision. Dagang Net has also filed an application for a Stay of Execution of the Decision pending the disposal of Dagang Net’s appeal at the CAT.
The Company will make the necessary announcements on any material development in respect of the matter as and when necessary.
We refer to the Company’s announcements made on 18 May 2020, 27 May 2020, 17 August 2020 and 17 November 2020, the Board of Directors wishes to inform that there has been no material development on the status of the MOU between ATS, ARZ, STB and PNE to form a joint venture company to design, carry out research and development and production of medical grade mechanical air ventilators which are to be distributed and marketed globally.
This announcement is dated 19 February 2021.
Announcement like no announcement. When AT talk about the JV is just blow water talk only is it. Probably all fully drunk.