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Announcement

MEMORANDUM OF UNDERSTANDING PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE") STATUS UPDATE ON MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PETROL ONE HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PETONE AND WORLD OIL HUB SDN. BHD. (FORMERLY KNOWN AS WEBS OIL HUB SDN. BHD.)

  • Type
    Announcement
  • Subject
    MEMORANDUM OF UNDERSTANDING
  • Description
    PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE") STATUS UPDATE ON MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PETROL ONE HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PETONE AND WORLD OIL HUB SDN. BHD. (FORMERLY KNOWN AS WEBS OIL HUB SDN. BHD.)PETROL ONE

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings in the previous announcements made by the Company on the MOU between Petrol One Holdings Sdn. Bhd. and World Oil Hub Sdn. Bhd. (formerly known as Webs Oil Hub Sdn. Bhd.).

Pursuant to Paragraph 9.29 of Main Market Listing Requirements (“Main LR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors wishes to inform that there is no major development on the status of the MOU as at the date of this announcement.

Further developments of the above matter will be announced to Bursa Securities in due course.

This announcement is dated 24 May 2018.

Announcement Info

  • Company Name
    PETROL ONE RESOURCES BERHAD
  • Stock Name
    PETONE
  • Date Announced
    24 May 2018
  • Category
    General Announcement for PLC
  • Reference Number
    GA1-23052018-00019

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