PETALING JAYA: Consumer packaged goods distributor Kim Teck Cheong Consolidated Bhd (KTC) has inked a licensing agreement to manage bakery brand Gardenia in Sabah, Sarawak and Indonesia.
According to a Bursa Malaysia filing yesterday, KTC will be the sole operator of Gardenia Bakeries (East Malaysia) Sdn Bhd effective yesterday, which in turn becomes a 100%-owned subsidiary of KTC.
Under the agreement, KTC will gain access to all Gardenia recipes and be responsible for the manufacturing, marketing, distributions, sales and further development of the brand in East Malaysia and Indonesia.
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