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Malaysian joint venture

This article was originally published in Foodnews

HAI-O Enterprise Bhd, a Malaysia based company specialising in herbs, health supplements, beverages and similar products, has signed a deal with China's Inner Mongolia Mengniu Dairy Industry Group to distribute Mengniu's dairy products in Malaysia. Chief executive Tan Kai Hee says this will help HaiO's turnover to MYR200 million (US$56.9 million) within three years, from its present level of MYR145 million. Hai-O has 53 outlets and about 3 000 clients in Malaysia.



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