KUALA LUMPUR (Feb 28): Ready-to-serve food manufacturer Sozo Global Ltd is looking to invest RM16 million this year to boost its halal food processing capacity, which could see its setting up a plant in Negeri Sembilan.
Its chief executive officer Shen Hengbao said the group was looking to sign a memorandum of understanding with a local company next month.
"We are looking at spending RM8 million with regard to this,” he said on Wednesday.
Sozo Global, he said, was also looking to invest RM8 million to build a factory next to the site of the MoU partner’s factory.
He said the company which it would tie up with, recorded about RM12 million in revenue per year and it specialised in making roti prata and spring rolls.
Its chief executive officer Shen Hengbao said the group was looking to sign a memorandum of understanding with a local company next month.
"We are looking at spending RM8 million with regard to this,” he said on Wednesday.
Sozo Global, he said, was also looking to invest RM8 million to build a factory next to the site of the MoU partner’s factory.
He said the company which it would tie up with, recorded about RM12 million in revenue per year and it specialised in making roti prata and spring rolls.
