KUALA LUMPUR: BOUSTEAD HOLDINGS BHD []'s subsidiary Boustead Sissons Paints Sdn Bhd plans to collaborate with Royalton Holdings Sdn Bhd to pursue business opportunities, specifically in the paint manufacturing industry.
Boustead had on Thursday, Aug 11 signed a memorandum of understanding with Royalton, which owns Berger International Sdn Bhd, which is the brand, trademark and formulation owners of several marine and protective coatings in the market.
'The parties, because of their diverse capabilities, have determined that they would benefit from this MoU which serves as an interim measure and commitment by them in furthering their discussions on possible business opportunities, specifically in the paint manufacturing industry,' said Boustead.
The duration of the MoU is three months, with an option to extend it for another three months.
Boustead had on Thursday, Aug 11 signed a memorandum of understanding with Royalton, which owns Berger International Sdn Bhd, which is the brand, trademark and formulation owners of several marine and protective coatings in the market.
'The parties, because of their diverse capabilities, have determined that they would benefit from this MoU which serves as an interim measure and commitment by them in furthering their discussions on possible business opportunities, specifically in the paint manufacturing industry,' said Boustead.
The duration of the MoU is three months, with an option to extend it for another three months.
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