OTHERS M3 TECHNOLOGIES (ASIA) BERHAD ("M3" OR "COMPANY") - CLARIFICATION ON NEWSPAPER ARTICLE IN THE NEW STRAITS TIMES DATED 6 APRIL 2017
|M3 TECHNOLOGIES (ASIA) BERHAD|
M3 TECHNOLOGIES (ASIA) BERHAD ("M3" OR "COMPANY") - CLARIFICATION ON NEWSPAPER ARTICLE IN THE NEW STRAITS TIMES DATED 6 APRIL 2017
We refer to our announcement dated 6 April 2017 clarifying the article entitled “M3 Ships T-Bike Devices to Indonesia” which appeared on page B6 of The New Straits Times on 6 April 2017 and hereby furnish the following additional information:-
1. Date of the Contract
The Contract between Mobiletren and Telkomsel was signed on 12 January 2017 ("the Contract").
2. Directors’ and/or major shareholders' interest
None of the Directors and/or major shareholders of M3 or persons connected with them have any interest, whether direct or indirect, in the Contract.
3. The risks in relation to the Contract
M3 does not foresee any exceptional risk other than the normal operational risk associated with the Contract and will take the necessary steps to mitigate the risks as and when it occurs.
4. Statement of the Directors
The Board of Directors of the Company is of the opinion that the above Contract is in the ordinary course of business and is in the best interest of the Company.
This announcement is dated 13 April 2017.
|Company Name||M3 TECHNOLOGIES (ASIA) BERHAD|
|Date Announced||13 Apr 2017|
|Category||General Announcement for PLC|