Collaboration between AppAsia Tech and TM-Info Media
The Board of Directors of AppAsia Berhad (“AppAsia” or “the Company”) is pleased to announce that AppAsia Tech Sdn Bhd (“ATSB”), a wholly-owned subsidiary of AppAsia, had on 4 September 2020 entered into a Collaboration Agreement with TM Info-Media Sdn Bhd (“TMIM”), a wholly owned unit of Telekom Malaysia Berhad, whereby TMIM shall collaborate exclusively with ATSB for the development, marketing and promotion of the Yellow Pages Digital Platform for the initial period of five (5) years from the from the date which the Yellow Pages Digital Platform is launched and accessible to the general public (“Initial Contract Period”).
The Collaboration will automatically be extended for a further period of five (5) years after the expiry of the Initial Contract Period (“Extended Contract Period”) and be further extended for a period of two (2) years after the expiry of the Extended Contract Period.
