YKGI Limited YK9 , on March 9, entered into a non-binding memorandum of understanding (MOU) with Pin Si Kitchen, a mobile kitchen that offers buffet catering, bento box services, live stations, hawker stalls, and more.
The non-binding MOU was entered into to establish a working relationship between both parties, says YKGI in its March 9 statement.
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.
