Termination Of Shareholders' Agreement Between Grayscale Technologies Sdn. Bhd., A Wholly-Owned Subsidiairy Of Tdex And Accubits Technologies Private Limited
BackSep 18, 2024
| Type | Announcement |
| Subject | OTHERS |
| Description | TECHNODEX BHD. ("TDEX" OR "THE COMPANY") - TERMINATION OF SHAREHOLDERS' AGREEMENT BETWEEN GRAYSCALE TECHNOLOGIES SDN. BHD., A WHOLLY-OWNED SUBSIDIAIRY OF TDEX AND ACCUBITS TECHNOLOGIES PRIVATE LIMITED |
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Reference is made to the Company's announcements dated 2 June 2021 and 26 August 2021 (the "Announcements") regarding the Shareholders' Agreement between Grayscale Technologies Sdn. Bhd. ("Grayscale") and Accubits Technologies Private Limited ("Accubits") dated 1 June 2021 (the "Agreement").
In accordance with the Agreement, the Parties established a joint venture company named TechnoDex Accubits Sdn. Bhd. ("TechnoDex Accubits"), with a total of 200 issued ordinary shares: 102 shares (51%) held by Grayscale and 98 shares (49%) held by Accubits. Unless otherwise defined herein, all terms used in this announcement shall have the same meanings as defined in the Announcements. The Board of Directors of TDEX wishes to announce that Grayscale has on 18 September 2024, entered into an agreement to terminate the Agreement (the "Termination Agreement"), as the collaboration between the Parties has not materialized. Please refer to the attachment for further details of the Termination Agreement. This announcement is dated 18 September 2024. Please refer attachment below.
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Announcement Info
| Company Name | TECHNODEX BHD |
| Stock Name | TDEX |
| Date Announced | 18 Sep 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22072024-00035 |
Attachments
- TDEX_-_Termination_Agreement_with_Accubits_20240918.pdf (Size: 147,533 bytes)