Pak Tak International Limited has entered into a memorandum of understanding with the major shareholder of a company based in Tanzania regarding the potential acquisition of a partial or entire equity interest in the Tanzanian company. Under the memorandum, Pak Tak International Limited will conduct further due diligence on the target company and its assets, and both parties intend to negotiate terms with the aim of reaching a formal agreement within three months. The memorandum is not legally binding and does not impose any financial commitments on Pak Tak International Limited at this stage.

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