Joint Venture28 May 2024, 12:51 am
Swiss Military Consumer Goods Ltd Enters Exclusive Business Collaboration Agreement for Japan, Thailand, and Indonesia
AI Summary
Swiss Military Consumer Goods Ltd has entered into an exclusive Business Collaboration agreement with Core International Co., Ltd. of South Korea. The agreement is for establishing a selling network in the territory of Japan, Indonesia, and Thailand for luggage and travel gear products. The products will be manufactured in the Company's proposed manufacturing facility and also imported or procured by the Company from third parties. Core International Co., Ltd. has a strong background and established network for sourcing and selling luggage and travel gear across Southeast Asia, China, Japan, and South Korea.
Key Highlights
- Swiss Military Consumer Goods Ltd has entered into an exclusive Business Collaboration agreement with Core International Co., Ltd. of South Korea
- The agreement is for establishing a selling network in the territory of Japan, Indonesia, and Thailand
- The products will be manufactured in the Company's proposed manufacturing facility and also imported or procured by the Company from third parties
- Core International Co., Ltd. has a strong background and established network for sourcing and selling luggage and travel gear across Southeast Asia, China, Japan, and South Korea
- The agreement is in line with the provisions of Regulation 30 of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023