MLABS in tie-up to distribute LG products

PETALING JAYA: MLABS Systems Bhd has entered into a master sales agreement with LG Electronics (M) Sdn Bhd via its wholly owned subsidiary, Pacifica Direct Sdn Bhd, for the distribution of LG products in Malaysia.

This is following completion and termination of a memorandum of understanding (MoU) that the group inked with LG Electronics in June 2023 for its interest in distributing LG’s product in the country.

In a filing with Bursa Malaysia, MLABS said the agreement will supersede and replace the MoU, outlining the obligations and responsibilities of each party relating to the distribution of the LG products.