AsiaBio eyes halal product export venture with Chinese firms


A Muslim American woman wearing hijab shops at the Balady halal supermarket ahead of the first day of Ramadan in Brooklyn, New York, U.S. on May 26, 2017. REUTERS/Amr Alfiky

KUALA LUMPUR: Technology incubator Asia Bioenergy Technologies Bhd (AsiaBio) plans to explore opportunities with three Chinese companies to form a partnership to produce and export halal-certified food products to the global marketplace.

In a filing with Bursa Malaysia, the company said its unit Asiabio Capital Sdn Bhd had inked a memorandum of understanding (MoU) with Hong Kong YRZC International Group Co Ltd, Shan Xi Hong Hui Food Limited Liability Co (SXHHF), and Shan Dong Wang Jia Yuan Zi Halal Food Brewing Co Ltd (SDWJYZHFB) to achieve that.

AsiaBio said among the proposals were for Asiabio Capital to act as a global halal-certified food product channeling centre and regulation body for food product development and quality, while ABC would appoint YRZC as an exclusive business development agent in China.

Under the MoU, Asiabio Capital and YRZC agreed to accept the products of the other two Chinese companies and assist YRZC to apply for halal-certified licence from the Malaysian Islamic Development Department (Jakim) on their behalf.

YRZC will also be appointed to assist SDWJYXHFB and SXHHF by supplying the project planner, marketer, and technical optimisation team.

YRZC is a Hong Kong-based company involved in film and television production, Chinese heritage culture industry development, urban and tourism planning, environmental protection project, energy research and development, brand marketing and promotion, celebrity agency, yacht customisation, and construction.

SDWJYZHFB, located in Shandong, China, is mainly a halal food brewing company with jujube vinegar as its main product.

SXHHF in Shaanxi Weinan City is engaged in baked goods, sesame seeds, bakery flours and sugar production.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Bitcoin at record highs, sets sights on US$100,000
Oil heads for weekly gains on anxiety over intensifying Ukraine war
Dollar climbs to 13-month peak, bitcoin eyes US$100,000
Bank Negara international reserves up at US$118bil
Affinity in talks to buy Penang-based Golden Fresh
AirAsia founder plots low-cost Dubai-like hub in Bangkok, Kuala Lumpur
China makes moves in digital culture market
Over 90% of entrepreneurs have yet to adopt e-invoicing - expert
Oil heads for weekly gains on anxiety over intensifying Ukraine war
S&P lowers outlook on three Adani units after US indictment of founder

Others Also Read