Cocoaland Industry Sdn Bhd (CISB), a subsidiary of Cocoaland Holding Bhd, has been appointed a non-exclusive contract packer in Malaysia by Singapore-based FandN Foods Pte Ltd.
The contract which includes preparation, packaging, packing and delivery of FandNF's products is estimated at a minimum of RM800,000 per annum.
In filing to Bursa Malaysia, Cocoaland Holdings said the contract was for a period of 24 months.
The contract is expected to contribute positively to the earnings of Cocoaland for the financial year ending Dec 31, 2011 and Dec 31, 2012. -- Bernama
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