Boustead Holdings Berhad announced that it entered into a Memorandum of Understanding ("MOU") with Accubits Technologies FZ LLE. The purpose of the MOU is to strengthen, promote and develop the partnership co-operation between BHB and Accubits on the basis of equality and mutual benefit. The Parties are desirous of entering into the MOU to declare their respective intentions and to establish a basis of co-operation and collaboration between the Parties in accordance with the Parties' needs and financial capacity.

Subject to the terms of the MOU and on a non-exclusive basis, each Party shall use commercially reasonable efforts to develop capabilities for real estate asset tokenization and sustainable green energy tokenization. The duration of the MOU is one year effective from the date of signing, unless mutually agreed otherwise by the Parties. Each party will bear its own costs and expenses in relation to the MOU, unless mutually decided otherwise by the Parties.