MEMORANDUM OF UNDERSTANDING MIECO CHIPBOARD BERHAD ("MCB" OR THE "COMPANY") MEMORANDUM OF UNDERSTANDING BETWEEN MIECO MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MCB AND K-ONE CORPORATION
| MIECO CHIPBOARD BERHAD |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | MIECO CHIPBOARD BERHAD ("MCB" OR THE "COMPANY")
MEMORANDUM OF UNDERSTANDING BETWEEN MIECO MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MCB AND K-ONE CORPORATION |
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Further to our announcement dated 8 August 2025, we are pleased to provide the following additional information.
As provided in the MOU, the yearly minimum supply quantity is expected in the range of 160,000 to 200,000 metric tonnes whilst the reference selling price ranges from USD110 to USD150 per metric tonne.
Based on the above parameters and the prevailing USD/Ringgit Malaysia exchange rate, the annual value of the MOU approximates to RM100 million.
This announcement is dated 12 August 2025.
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Announcement Info
| Company Name | MIECO CHIPBOARD BERHAD |
| Stock Name | MIECO |
| Date Announced | 12 Aug 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12082025-00054 |