MEMORANDUM OF UNDERSTANDING BETWEEN G3 GLOBAL BERHAD AND SENSETIME GROUP LTD ("SENSETIME") AND CHINA HARBOUR ENGINEERING COMPANY LTD
|G3 GLOBAL BERHAD|
|Type||Reply to Query|
|Reply to Bursa Malaysia's Query Letter - Reference ID||IQL-29042019-00001|
|Subject||MEMORANDUM OF UNDERSTANDING BETWEEN G3 GLOBAL BERHAD AND SENSETIME GROUP LTD ("SENSETIME") AND CHINA HARBOUR ENGINEERING COMPANY LTD|
G3 Global Berhad ("G3" or "the Company") Memorandum of Understanding between the Company and SenseTime Group Ltd and China Harbour Engineering Company Ltd
|Query Letter Contents||
We refer to your Company’s announcements dated 26 April 2019, in respect of the aforesaid matter.
1) To provide details information on the principal activities of SenseTime, including its products and services, core technology, cases studies/project involved.
2) In respect to the proposed collaboration to establish an AI Park in Malaysia (“Project”), please provide the following additional information:-
(a) Identity of master developers of the Project;
(b) Location and total size of the Project;
(c) Name of relevant regulatory authorities’ approval required for the setting up of the Project and whether these approvals have been obtained; and
(d) Total construction cost for the Project as well as the expected commencement date and total duration required.
3) With regard to the statement that the parties shall endeavor to invest the Project with a total amount of USD1 billion, please state whether your company has the financial capability and source of funds to participate in the Project.
4) Further description or elaboration on the technical know-how that your Company possesses in the area of AI.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Cc : Market Surveillance Dept. , Securities Commission (via fax)
Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the announcements dated 26 April 2019 in relation to the Memorandum of Understanding between the Company and SenseTime Group Ltd and China Harbour Engineering Company Ltd ("Initial Announcement").
Further to the Initial Announcement and Bursa Malaysia Securities Berhad's query dated 29 April 2019, please refer to the attachment for the details of the reply to Bursa Malaysia Securities Berhad.
This announcement is dated 30 April 2019.
Please refer attachment below.
|Company Name||G3 GLOBAL BERHAD|
|Date Announced||30 Apr 2019|
|Category||General Announcement for PLC|