MEMORANDUM OF UNDERSTANDING PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE") - MEMORANDUM OF UNDERSTANDING BETWEEN PETROL ONE HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PETONE AND WEBS OIL HUB SDN. BHD.

PETROL ONE RESOURCES BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE") - MEMORANDUM OF UNDERSTANDING BETWEEN PETROL ONE HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PETONE AND WEBS OIL HUB SDN. BHD.
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcements dated 2 August 2016, 4 August 2016, 2 November 2016 and 2 February 2017.

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 2 May 2017.





Announcement Info

Company Name PETROL ONE RESOURCES BERHAD
Stock Name PETONE
Date Announced 02 May 2017
Category General Announcement for PLC
Reference Number GA1-25042017-00058