Sozo to explore halal market with MOF unit

Written by Financial Daily

Friday, 08 April 2011 11:49

KUALA LUMPUR: Sozo Global Ltd, a China-based foodstuff manufacturer listed on Bursa Malaysia, may venture into the halal market via cooperation with the Halal Industry Development Corp Sdn Bhd (HDC), a unit of Minister of Finance Inc. This would diversify the company’s markets, which include Japan, to the halal segment.Sozo announced yesterday to Bursa that it had entered into a MoU with HDC to cooperate in “certain activities toward promoting and developing the halal market for both parties, in particular to create investment opportunities, transfer knowledge and business matching.”