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 the extended time period for the execution of the definite agreements for a futher terms of twelve (12) months has been due on 1 August 2018 and the Parties are still in the midst of negotiating to further extend the time to execute the definite agreements.
Further developments of the above matter will be announced to Bursa Securities in due course.
This announcement is dated 30 August 2018.