Bangkok, MWA cancels MOU with private company group. In the case of establishing a joint venture in a subsidiary company As the Metropolitan Waterworks Authority (MWA) has signed a memorandum of understanding (MOU) with Ditto (Thailand) Public Company Limited, TEAM Consulting Engineering and Management Company. Public Company Limited, D.T. on March 13, 2024, it appears that some content appeared in some news agencies that were inaccurate from the truth, such as the aforementioned cooperation. It is a joint venture company set up within 6 months to compete for a hundred billion baht tap water market share. In fact, it is just a study of the feasibility of establishing/joint venture. There is no commitment to joint investment or establishment of a company yet. And there has been no agreement on a joint venture within 6 months, and there has been no agreement on a plan for listing on the stock exchange. This can cause misunderstandings among the public and investor groups. Therefore, MWA sent a letter termina ting the said memorandum of understanding to the contracting party on March 21, 2024, effective from April 22, 2024 onwards, which is in accordance with the conditions of the memorandum of understanding, section 3.2, related. With the termination of the contract. Source: Thai News Agency