Latest announcement: Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings in the previous announcements made by the Company on the MOU between the Company and RDIF on 9 April 2021, 14 April 2021, 28 April 2021, 19 May 2021, 20 May 2021 and 9 June 2021.
The Board of Directors of the Company wishes to update that the Company and RDIF are currently in negotiation to finalise the definitive agreement in accordance with the objectives of the MOU.
This announcement is dated 13 August 2021.
Announcement Info Company Name UCREST BERHAD Stock Name UCREST Date Announced 13 Aug 2021 Category General Announcement for PLC Reference Number GA1-13082021-00001
Negotiating the terms with RDIF. In Q report, mentioning made great progress in Vaccine project. Current market cap 186m. Without Vaccine, they are making 11mil this year. (Will be more if exclude the ESOS expenses) P/E: 17
Can observe India producing Sputnik V, looks like they have delay in the 2nd dose production which RDIF mentioned is progress well, and verifying the produced Vaccine.
OTHERS UCrest Berhad ("the Company") Proposed New and Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Mandate"). UCREST BERHAD
Type Announcement Subject OTHERS Description UCrest Berhad ("the Company") Proposed New and Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Mandate"). The Board of Directors of the Company wishes to announce that the Company proposes to seek the approval of its shareholders at the forthcoming Annual General Meeting on the Proposed Mandate.
The Circular to Shareholders setting out the details of the Proposed Mandate will be despatched to the shareholders in due course.
Announcement Info Company Name UCREST BERHAD Stock Name UCREST Date Announced 13 Aug 2021 Category General Announcement for PLC Reference Number GA1-13082021-00002
UCrest Berhad, formerly Palette Multimedia Berhad, is a Malaysia-based company principally engaged in the provision of investment holding services, as well as design, development and marketing of information technology related products and services. The Company provides broadband, wireless and networking products and services, such as Network Access Control and Management (NACM) systems for Local Area Network (LAN) and Wireless Local Area Network (WLAN) in the enterprise environment, as well as Subscriber Management System to Internet service providers (ISP), telephone companies and network operators in the public network environment. Besides, it is engaged in software development and hardware system design, and it provides technical and consulting services in networks, security systems and Internet of Things (IOT) Cloud software application area. The Company also develops Palette ''i-medic'', a mobile healthcare Cloud Hospital for healthcare management of patients.
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Thank MrsLee