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Memorandum Of Understanding

BackDec 30, 2011
Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description UPDATE ON MEMORANDUM OF UNDERSTANDING BETWEEN MBM RESOURCES BERHAD (“MBMR”) AND MITSUI & CO., LTD. (“MITSUI”) ON ADDITIONAL EQUITY PARTICIPATION BY MITSUI IN DAIHATSU (MALAYSIA) SDN. BHD. (“MOU”)

The announcement made on the above matter on 21 October 2011 refers.

The Board of Directors of MBMR wishes to update that the parties to the MOU have mutually agreed to extend the date for the execution and completion of a Share Sale and Purchase Agreement pursuant to the MOU for another one (1) month from 31 December 2011 to 31 January 2012.

Save as disclosed above, all terms and conditions of the MOU dated 21 October 2011 shall remain the same.

This announcement is dated 30 December 2011.

 

 


Announcement Info

Company Name MBM RESOURCES BHD  
Stock Name MBMR    
Date Announced 30 Dec 2011  
Category General Announcement
Reference No CMS-111230-83427