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MSB has signed a 10-year exclusive agreement to distribute, market, and sell GOLD brand automotive shock absorbers in Malaysia, Thailand, and Singapore
This looks like a solid long-term win for MSB, securing exclusive rights for GOLD brand shock absorbers across three key Southeast Asian markets. It's a significant expansion that should drive substantial revenue growth for them over the next decade.
The agreement will be targeting a cumulative sales volume of RMB50mil (approximately RM30mil) across Malaysia, Thailand and Singapore, with provisions for renewal and incremental growth targets thereafter.