Ageson explores RM120mil sales contract with Kobena

KUALA LUMPUR: Ageson Bhd's indirect wholly-owned subsidiary Ageson Retails Sdn Bhd has entered into a memorandum of understanding with Koperasi Belia Nasional Bhd (Kobena) to sell 4,000 units of vending machines and/or retail fridges equipped with Internet-of-Things systems and solutions.

It said in filing with Bursa Malaysia the parties intend to enter into a sales and purchase agreement with a contract value of RM120mil, whereby Kobena will purchase the products from Ageson for RM30,000 each.