Brief: Annaik Says Unit Entered JV Agreement With MS Waste Management Sdn Bhd

AnnAik

21/06/2023 10:23

June 21 (Reuters) - Annaik Ltd  AAIK.SI :
    * ANNAIK LTD - UNIT HAS ON 21 JUNE 2023 ENTERED INTO A JOINT
VENTURE AGREEMENT WITH MS WASTE MANAGEMENT SDN BHD
    * ANNAIK LTD -  JV CO WILL HAVE AN INITIAL ISSUED AND
PAID-UP
SHARE CAPITAL OF 2 MILLION RGT
    * ANNAIK -  UNDER AGREEMENT PARTIES INTEND TO ESTABLISH JV
CO TO
BE INCORPORATED IN MALAYSIA
    * ANNAIK LTD -  JV CO TO CARRY OUT BUSINESS OF PRODUCTION,
BUSINESS DEVELOPMENT, MARKETING, AND RECOVERY OF LITHIUM
BATTERIES IN MALAYSIA
    * ANNAIK LTD - FORMATION OF JV COMPANY WILL BE FUNDED
THROUGH
INTERNAL RESOURCES

Source text for Eikon:  ID:nSN2fdQTZ 
Further company coverage:  AAIK.SI 

 ((Reuters.Briefs@thomsonreuters.com;))