ARB terminates MoU for Cambodian market entry

ARB Bhd has terminated a Memorandum of Understanding (MoU) that was aimed at facilitating the group’s foray into Cambodia to implement the enterprise resource planning (ERP) system and solutions there.

In a bourse filing, ARB said that its wholly-owned subsidiary ARB Development Sdn Bhd, and East Insurance PLC, had mutually agreed to terminate the MoU with immediate effect.

The reason for this was East Insurance’s internal restructuring exercise, it said.

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