In the MOU, both parties have agreed to collaborate in the manufacturing of cooked food preparations business where cooked food preparations include frozen dinners. Both parties are also looking to work together in the food catering business and any merger or acquisition opportunities.
“If necessary and the situation arises, the parties shall, negotiate in good faith, and use reasonable endeavours to enter into definitive agreements in the future,” says YKGI.
Shares in YKGI closed 0.3 cent lower or 2.07% down at 14.2 cents on March 9.
