DSR Taiko via its subsidiary DSR Daily Fresh Sdn Bhd a 70% owned subsidiary of the Company has entered an MOU with Wonder Food (Cambodia) Co., Ltd. to licence the groups D Masking food products in Cambodia.
Upon the agreement, the Cambodian food company Wonder Food will be allowed to use the Trade Name and Trade Mark
of D•MasKing to sell, trade and market DSR DF’s food products specifically in Cambodia.
DSR DF is principally involved in the business of operating speciality café or restaurants selling durian-related meals, beverages, desserts and local authentic food and selling fresh durians, local fruits and production Meanwhile, Wonder Food is principally involved in the business of manufacturing, producer, distributor, wholesaler, dealer, buyer, seller, importer and exporter in any kind of chocolates, biscuits, food products, snack foods, consumer products of all descriptions and to
undertake any business commonly undertaken in connection with all or any such business.
duration.
The deal will see DSF receiving an agreed royalty fee during the term of the Licence. The MOU will allow DSR DF to leverage on the sales and marketing network of Wonder Food to introduce DSR DF’s downstream durian-based products to the foods and beverages market in Cambodia.
