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Memorandum Of Understanding

BackFeb 20, 2014
Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description MBM RESOURCES BERHAD ("MBMR" OR "THE COMPANY") - UPDATE ON MEMORANDUM OF UNDERSTANDING BETWEEN FEDERAL AUTO HOLDINGS BERHAD (“FAHB”) AND SAIC MOTOR CORPORATION LIMITED (“SAIC”) ON INTENDED COOPERATION FOR AN AUTOMOTIVE BUSINESS IN MALAYSIA (“MOU”)

Further to the announcements made on 12 April 2013 and 20 November 2013, the Company wishes to announce that the discussion between FAHB and SAIC and the feasibility study on the intended cooperation for an automotive business in Malaysia are still on going. The MOU remains in effect until 11 April 2014.

 


Announcement Info

Company Name MBM RESOURCES BHD  
Stock Name MBMR    
Date Announced 20 Feb 2014  
Category General Announcement
Reference No CK-140220-32757