The Board of Directors of Sersol Berhad announced that the Company had on 28 October 2022 entered into a Heads of Agreement with Takuni Group Public Company Limited with the intention to jointly invest and set up a new joint venture enterprise, a Malaysian entity or designed joint venture entity which shall be mutually agreed between Sersol and Takuni, for the purpose of conducting business throughout Malaysia, Thailand and Indonesia including but not limited to selling, distributing, assembling and production of electric scooters and related accessories and infrastructures which shall include the charging of the electric scooters.