IFBH's Singapore Unit Signs Vitaday Licensing Deal With General Beverage
MT Newswires09-02
IFBH (HKG:6603) said its main operating subsidiary, IFB Singapore, struck a procurement and licensing pact with Thailand-based controlling shareholder General Beverage (SGX:Y92), according to a Tuesday bourse filing.
The scope of the agreement allows IFB Singapore to procure Vitaday products and use the Vitaday trademarks outside of Thailand over a three-year period.
The proposed annual caps for the transactions are $930,000 for September through December, $1.81 million for 2027, $1.94 million for 2028 and $1.56 million for January through August 2029.
IFBH, a wholesaler of food and beverage products, said the deal enables it to expand Vitaday's distribution network and increase sales volume.
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