DBE Gurney Resources Bhd’s wholly owned subsidiary, DBE Poultry Sdn Bhd, has entered into a memorandum of understanding (MoU) with Japan-based GDJ Co Ltd for the supply of poultry products to the latter.
In a filing to Bursa Malaysia yesterday, DBE Gurney noted that DBE Poultry will supply leg meat yakitori, gizzard yakitori and tail yakitori to GDJ.
“The MoU, if formalised into a definitive supplier agreement later, is expected to generate RM10 million in turnover with an assured margin to DBE Group for the next financial year ending Dec 31, 2017 (FY17),” it said.
This deal augurs well with DBE’s intention to increase its market share locally and sustain its business competitiveness. The MoU is not expected to have material effect on the earnings for the current FY17, but benefit earnings in the future.