KTC to sell Gardenia bread in Sabah, Sarawak, 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

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.