Friday, April 8, 2011

Sozo Global rises in early trade

KUALA LUMPUR: Sozo Global Limited shares advanced in early trade on Friday, April 8 after it inked a memorandum of understanding (MoU) with Halal Industry Development Corporation Sdn Bhd (HDC) to co-operate towards promoting and developing the Halal market.

At 9.25am, Sozo was two sen to 84 sen with 855,200 shares traded.

It said on Thursday, April 7 that HDC is involved in coordinating the development of Halal industry including but not limited to food and non food industries and services, leading the development of Halal standard and protecting the integrity of Halal products.

'Pursuant to MoU, HDC and Sozo are desirous to co-operate with each other in certain activities towards promoting and developing Halal market for both parties in particularly to create investment opportunities, transfer knowledge and business matching,' it said.

Sozo Global said the MoU would be valid for one year.


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