KLSE (MYR): CYPARK (5184)
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Last Price
0.82
Today's Change
+0.01 (1.23%)
Day's Change
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2024-11-03
2024-11-01
2024-10-31
2024-10-30
2024-10-28
nicholas99
9,863 posts
Posted by nicholas99 > 2023-04-05 10:39 | Report Abuse
To this end, we have entered into a Memorandum of Understanding (“MOU”) with Huawei Technologies (Malaysia) Sdn Bhd (Huawei) on 3 December 2021 to collaborate for the purposes of a long-term cooperation for a total of 500 MW RE projects located in and outside Malaysia. In this arrangement, Huawei will act as the technology enabler and it will undertake to provide the technical and after-sales support for all products and solutions. Meanwhile, Cypark would be the user and installer of the said products and solutions, subject to agreement of both parties and the terms and conditions of the collaboration. The MOU is in effect from the date of signing and will remain effective for a period of two (2) years until the execution of the set of definitive agreements between the parties or such other period as may be mutually agreed upon in writing.
2 years.. maybe end of 2023 only lapse..