LKL, Sri Lanka's TMI in JV to distribute medical devices

New high for Dagang NeXchange Bhd

KUALA LUMPUR: LKL International is teaming up with Sri Lanka's  T.M.I Solutions (Pvt) Ltd to distribute selected “Nihon Kohden” branded medical devices within Malaysia.

LKL said on Wednesday its two units Medik Gen Sdn Bhd and LKL Advance Metaltech Sdn Bhd had signed the joint venture agreement with TMI to set up the JV company  TMI Medik Group Sdn Bhd

Under the collaboration, they expect to be awarded an exclusive distributorship right in Malaysia by Nihon Kohden Singapore Pte Ltd to distribute “Nihon Kohden” medical devices for a minimum three years. 

“The proposed JV complements LKL International’s existing business in the healthcare sector,” it said. 

LKL said the exclusive distributorship rights would enable it to diversify its products to its customers via the distribution of “Nihon Kohden” branded medical devices.