ANKAM INC. has announced that it has entered into a non-binding Memorandum of Understanding (MOU) with TRUST & ETHIC CO., LTD. (T&E Global) to establish a strategic partnership. This partnership aims to outline a framework for a potential future acquisition of T&E Global's parent company. The MOU indicates that ANKAM plans to set up a subsidiary in Taiwan and appoint Mr. Wang Wen Lung as the representative of that subsidiary. This strategic move is expected to enhance T&E Global's international market presence and maximize commercial value. The MOU also includes provisions for performance metrics that, if met, would trigger the acquisition process for T&E Global's parent company. The Board of Directors of ANKAM has approved the MOU, ensuring that the terms were negotiated on an arm's-length basis and are in the best interests of the company and its shareholders. This development is seen as a significant step for ANKAM as it seeks to expand its operations and market reach in the region.

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