MQ Technology Berhad (“MQTech” or “Company”)
We refer to the news article entitled "MQTECH DISCUSSING CASINO PLAN WITH NAGACORP" appearing in The Star, StarBiz Section, Page 4, Wednesday, 14 December 2016, in particular the sentences as reproduced below :
“Ace Market-listed MQ Technology Bhd (MQTech) is in talks with gaming giant NagaCorp Ltd over plans to build a casino in its new integrated resort and entertainment project in Cambodia.”
We wish to inform that we are not in talks with gaming giant NagaCorp Ltd over plans to build a casino in its new integrated resort and entertainment project in Cambodia.
However, we also wish to inform that our wholly-owned subsidiary, Star Acres Sdn Bhd (“SASB”), had on 12 December 2016 entered into a Memorandum of Agreement (“MoA”) with Cambodian Resort And Entertainment Co., Ltd (“CRE”) to collaborate on the development and management of a theme park in the Kingdom of Cambodia.
For further details of the MoA, you may refer to MQTech’s Announcement made on 13 December 2016.
This announcement is dated 14 December 2016.