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Memorandum Of Understanding

BackMay 26, 2022
Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description

CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD) ("CAPITAL A" OR "THE COMPANY")

- UPDATE ON STATUS OF MEMORANDUM OF UNDERSTANDING BETWEEN CGS-CIMB SECURITIES SDN. BHD. AND AIRASIA SUPERAPP SDN. BHD., A SUBSTANTIALLY-OWNED SUBSIDIARY OF CAPITAL A

Further to the announcement made on 7 March 2022 pertaining to the Memorandum of Understanding (“MOU”) between AirAsia Superapp Sdn. Bhd., a substantially-owned subsidiary of Capital A, and CGS-CIMB Securities Sdn. Bhd., the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU and both parties have been jointly working to develop the interface design of the stock trading platform as envisaged by the MOU as well as engaging the Securities Commission Malaysia on the requisite licensing application.

 

This announcement is dated 26 May 2022.





Announcement Info

Company Name CAPITAL A BERHAD
Stock Name CAPITALA
Date Announced 26 May 2022
Category General Announcement for PLC
Reference Number GA1-25052022-00097