Thursday, January 20

KTC enters into distribution agreements for distribution of beverages

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KUCHING: Kim Teck Cheong Consolidated Bhd (KTC) has entered into various distribution agreements for the distribution of dairy products and soft drinks.

The company in a filing to Bursa Malaysia yesterday said Kim Teck Cheong Distribution Sdn Bhd (KTC Distribution), a wholly-owned subsidiary of KTC and Kim Teck Cheong (Sarawak) Sdn Bhd (KTC Sarawak), a 80 per cent equity owned subsidiary of KTC, had on June 13 entered into separate distributorship agreements with Cotra Enterprises Sdn Bhd (CESB).

KTC added the distributorship agreements with CESB has granted the group the right during the continuance of the agreements to purchase for resale of the following products in Kudat, Kota Kinabalu, Beaufort and Miri.

The products are Marigold’s ultra heat temperature (UHT) Asian drink, Marigold’s UHT fruit drink, Marigold UHT 100 per cent fruit juice, Marigold’s UHT milk and Marigold’s canned milk.

The appointment of KTC Distribution and KTC Sarawak respectively as the distributors of CESB’s products will enable the company to further expand its portfolio of distribution of third party brands and products across the territories.