The parties have four months from the date of the MOU to negotiate and enter definitive agreements.
In response to a query from the Singapore Exchange following a price and volume surge on the morning of Nov 8, HGH Holdings announced it had signed a non-binding memorandum of understanding with AAEX Pte Ltd, a crypto asset player.
Under the MOU, HGH and AAEX have agreed to negotiate exclusively with regards to any potential joint venture, investment and/or collaboration in relation to the development of mining of cryptocurrencies in Singapore.
