NOVA MSC BERHAD
26 Dec 2013
|Subject||MEMORANDUM OF UNDERSTANDING|
|Description||Memorandum of Understanding between Novacitynets Pte Ltd, Guangzhou Development District Science and Information Technology Bureau and Sino-Singapore Guangzhou Knowledge City Investment and Development Co., Ltd.|
We refer to the Company’s announcements dated 15 August 2012, 15 March 2013, 17 June 2013 and 18 September 2013 pertaining to the Memorandum of Understanding (“MOU”) signed between its wholly owned subsidiary, novaCITYNETS Pte Ltd (“Nova”)with Guangzhou Development District Science and Information Technology Bureau and Sino-Singapore Guangzhou Knowledge City Investment and Development Co., Ltd to jointly develop, promote and subsequently deploy Smart City e-Permits solutions within the Sino-Singapore Guangzhou Knowledge City.Nova had submitted a feasibility study report and as at the date of this announcement, no feedback had been received from the review. As there is no deadline set for the finalisation of the review, the Company will only make further announcement when there is future development on the MOU.
This announcement is dated 26 December 2013.
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