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On 30 November 2022, ADMX and APMX received a letter from COFEPRIS in which it concludes that
the gaps detected in their hygiene practices were corrected and therefore, ADMX and APMX comply
with the current health legislation to export condensed and evaporated milk.
From Public Bank
While the group is still in the midst of obtaining export approvals for other products, AGB had already gotten the export permit for filled milk, and is currently looking to start its exports to USA in 3QCY23. As such, we are expecting greater contributions from its Mexico operations, given the ramp up in productions once the group obtained all necessary approvals. With that, the group should be able to free up c.20% of its production capacity in Malaysia (AGB currently expor
