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Kim Teck Cheong Consolidated Berhad is an investment holding company. The Company is a provider of market access and coverage of consumer-packaged goods (CPG). It is engaged in the distribution and warehousing of a range of CPG, namely foods and beverage products, personal care products, cosmetic products, household products, and over-the-counter drugs and health supplements, and baby care products covering East Malaysia. It is also involved in the manufacturing of its in-house brand bakery products, namely Creamos, based on its own recipes. The Company operates through three segments: Distribution, Manufacturing and Others. Its Distribution segment is engaged in the distribution of third-party consumer packaged goods. Its Manufacturing segment is engaged in manufacturing of bakery products. Its Others segment is engaged in investment holding, transportation support activities, corporate and administrative services. The Company operates over 13 distribution centers in East Malaysia.
theedgemalaysia.com highlighted two stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.
KUCHING: Kim Teck Cheong Consolidated Bhd (KTC) plans to invest RM30 million in a Gardenia bread manufacturing plant in Kota Samarahan, Sarawak, creating 500 jobs for local graduates and skilled workers.
KIM TECK CHEONG CONSOLIDATED BERHAD
MEMORANDUM OF UNDERSTANDING BETWEEN KIM TECK CHEONG CONSOLIDATED BERHAD AND SANJUNG ETIKA SDN. BHD. FOR THE PROPOSED ESTABLISHMENT OF A JOINT VENTURE COMPANY TO UNDERTAKE A BAKERY MANUFACTURING BUSINESS IN SARAWAK