Texchem Resources Bhd's (TRB) wholly-owned subsidiary Texchem Food Sdn Bhd has entered into a joint-venture agreement with Myanmar-based Mascot Industries Co Ltd to manufacture and market surimi, fishmeal, seafood sticks and aqua culture products in Myanmar.
Texchem Food, an investment holding company, will own 4,431,600 shares or a 90% stake in A.S.K Andaman Ltd, the proposed joint-venture company, while Mascot will own the balance 482,400 shares.
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