Dhanada Corporation Limited has executed and signed memorandum of understanding (MOU) with M/S. Scandsib Holdings Ltd., Cyprus so as to achieve certain common benefits for both the parties such as changes in the control and board of the company, dual listing of the company on the Cyprus Stock Exchange, name change, Infusion of Capital, expansion /Development for business, swap of promoters shareholding to some extends etc., subject to the compliance of the all applicable laws, rules and regulations and /or Europe. The MOU is initial document of certain teams and conditions agreed between the aforesaid parties.