Kuantan Flour Mills to expand starch, premix flour business to China

Financially troubled Kuantan Flour Mill Bhd (KFM) is set to expand its starch and premix flour business into China.
In February, the company has entered into a memorandum of understanding (MoU) with Shou Guang Chang Tai Economic And Trade Co Ltd (SGCT) for a proposed collaboration through either a business collaboration arrangement between both parties or a direct acquisition of a majority equity interest in SGCT by KFM.
Based in Shouguang City, Shandong, SGCT is principally involved in the trading and retailing of corn, tapioca and food related products. Since its establishment, SGCT has established a stable import and export business with trading partners within China and Southeast Asian countries.