MAG Holdings to gain from growing China demand for seafood

PETALING JAYA: Mag Holdings Bhd, which is venturing into the ready-to-eat (RTE) and ready-to-cook (RTC) shrimp segment, is expected to benefit from the growing demand for seafood from China.

Hong Leong Investment Bank (HLIB) Research said half of the additional annual processing capacity of MAG’s second processing plant would be dedicated to producing shrimp products.