Swang Chai Chuan Signs New Master Supply Agreement

Reuters11-20
Swang Chai Chuan Signs New Master Supply Agreement

Swang Chai Chuan Limited has announced the signing of a New Master Supply Agreement to replace the Existing Master Supply Agreement, which is set to expire on 31 December 2025. The new agreement covers continuing connected transactions involving the supply of fast-moving consumer goods (FMCG) products, including beverages, frozen food, cleaning and kitchen supplies, sauces, oils and condiments, dairy products, pet care products, packaged food, commodities, and health products. The agreement involves Connected Purchasers that are associates of the company's Ultimate Controlling Shareholders. The New Master Supply Agreement and the proposed new annual caps are subject to approval by the Independent Shareholders at an extraordinary general meeting to be convened by the company.

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