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Corporate Announcement
 
General Announcement
Reference No CC-120822-71631
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Company Name MANAGEPAY SYSTEMS BERHAD (ACE Market)
Stock Name MPAY
Date Announced 28/08/2012
 
Admission Sponsor OSK Investment Bank Bhd
Sponsor Same as above
Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description ManagePay Systems Berhad (“ManagePay” or the “Company”)
- Memorandum of Understanding entered into between Multimedia Prospect Sdn Bhd (now known as ManagePay Services Sdn Bhd), a wholly-owned subsidiary of ManagePay, and China B-TO-B Holdings Limited (“MOU”)
 
Reference is made to ManagePay’s announcements on 8 March 2012 and 23 May 2012 in relation to the MOU for the setting up of a two-way China-Malaysia e-commerce platform.
The Board of Directors of ManagePay wishes to inform that save for exchange of technical information between the two parties, there has been no other development on the MOU since the last announcement on 23 May 2012. 

The Company will provide an update if there is any further material development in respect of the MOU.

This announcement is dated 28 August 2012.
 
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