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The Edge Markets – LKL International Gets Two-Year BenQ Medical Products Distributorship

KUALA LUMPUR (March 19): LKL International Bhd said its unit has secured an agreement to distribute BenQ’s ultrasound system, surgical light and surgical table, as well as related spare parts and software.

In an exchange filing today, LKL International Bhd said the distributorship agreement — signed today between its wholly-owned subsidiary Medik Gen Sdn Bhd and BenQ Medical Technology Corp — is for a period of two years, expiring on Feb 28, 2021.

Under the agreement, MGen will be appointed as BenQ’s distributor to carry out sales activities in Malaysia. MGen may then appoint resellers to market and sell the products in the country.

BenQ is a Taiwan-based, listed company engaged in the manufacturing, processing, installation and trading of medical equipment.

LKL International said the distributorship of BenQ’s products complements the group’s existing business in the healthcare sector.

“With the award of the distributorship, the group will not only be able to broaden its products offering to its customers via the distribution of the products, but also to expand
its customers base in Malaysia.

“The distributorship is expected to contribute positively to the future financial performance of the group,” it added.

LKL shares slipped half a sen or 4.17% today to close at 11.5 sen. The ACE Market- listed group has lost nearly 40% of its market value in the past year to RM49.31 million now.

March 19, 2019

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