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

Type Announcement
Subject OTHERS
Description
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.






Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 13 Apr 2017
Category General Announcement for PLC
Reference Number GA1-13042017-00013