Nestle (M) Bhd
will close down all activities relating to the sugar confectionery business conducted by two subsidiaries from May 1, as they have been a drain on the company's operating profits.
The two subsidiaries are Nestle Products Sdn Bhd – which handles the sales, marketing and distribution of sugar confectionery – and Nestle Foods (Malaysia) Bhd, which operates a sugar confectionery manufacturing plant.
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