Friday 29 Mar 2024
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KUALA LUMPUR (Feb 6): Efficient E-Solutions Bhd said its indirect wholly-owned subsidiary Efficient Technology Solutions (M) Sdn Bhd has inked a memorandum of understanding (MoU) with CyberSecurity Malaysia to collaborate on developing cybersecurity solutions and sharing intelligence on cybersecurity threats.

CyberSecurity Malaysia is the national cyber security specialist agency under the Ministry of Science, Technology and Innovation.

“The MoU only serves to provide the general principles and key terms for initial collaboration between the parties and shall not be construed as an intention to create any legally binding obligation on or agreement between the parties to proceed therewith, unless and until all terms and conditions of the collaboration have been mutually agreed [upon] by the parties separately and all transaction documents have been duly executed,” Efficient E-Solutions said in a Bursa Malaysia filing today.

The MoU can be terminated in the event one of the parties is not satisfied with the progress of discussions, the filing read.

Efficient E-Solutions said it will make further announcements in the event of any material development within the MoU.

Efficient shares slid 0.5 sen or 1.79% to close at 27.5 sen today, giving it a market capitalisation of RM195.01 million. 

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