George Kent partners Honeywell in metering business

In its filings with Bursa Malaysia, Yong Tai said its wholly-owned subsidiary YTB Impression Sdn Bhd terminated the deal due to non-fulfilment of the condition precedent as stated in clause 3.1(c) of the joint development agreement. Yong Tai fell half a sen to close at 32.5 sen yesterday.

KUALA LUMPUR: George Kent International Pte Ltd (GKI), a unit of George Kent (M) Bhd, has entered into a long-term licence agreement with Honeywell to manufacture high-precision water meter measuring components for the V100 and V110 C-Class volumetric water meters.

The agreement also includes the transfer of associated machinery and tools.