Integrated Media Technology Limited Announces Signing of Durian Supply Agreement
SYDNEY and Kuala Lumpur, Malaysia, January 28, 2022 /PRNewswire/ — Integrated Media Technology Limited (NASDAQ: IMTE) (“IMTE” or the “Company”), today announces its subsidiary, World Integrated Supply Ecosystem Sdn. Bhd. (“WISE”) has signed a supply agreement with CSL Durian Holding Sdn. Bhd. (“CSL Durian”) for WISE to be a preferred distribution partner of CSL Durian for durian fruits also known as King of Fruits for the upcoming 2022 season which starts from March. This is the first product managed by WISE for sale in the Asia and China markets. WISE is a Malaysia company specializing in providing Halal certification to qualified businesses/operations, setting up the supply chain of Halal products and selling Halal products.
CSL Durian grows durian fruit in Malaysia including the popular “Musang King durian (variety D197)” one of the best durian in the world. Dato’ Megat Radzman, CEO of WISE, said, “We are thrilled to bring this famous Malaysia produced via our Halal platform. This durian supply agreement will allow us to more easily access and enter new markets such as China, South East Asia, United States and Canada markets, where we could also promote our Halal certification, products and services.
The durian market is worth $17.6 billion in 2018 and continues to grow due to the popularity in the China Marlet. Dato’ Radzman added, “WISE will focus on building a supply chain for fruits and foodstuffs for sale and distribution in Asia, China and Europe, to be brought to our online Halal trading platform once developed. Currently, our strategy is to promote and bring our halal products into these markets. We plan to start the Halal certification process in the second half of the year. »
Mr. Xiaodong Zhang, CEO of IMTE, said, “This is the first step in building the halal ecosystem. We will work to develop the online halal trade platform to bring these fruits and food products to our online marketplace for traders and consumers.
About World Integrated Supply Ecosystem Sdn. Bhd. (“WISE”)
WISE is a Malaysia company specializing in providing Halal certification to qualified businesses/operations, setting up the supply chain of Halal products and selling Halal products.
About Integrated Media Technology Limited (“IMTE”)
IMTE is an Australian company specializing in the manufacture and sale of nano-coated plates for filters, the manufacture and sale of electronic glass, the operation of an online exchange platform for the trading of digital assets and the provision of financial research. For more information, please visit www.imtechltd.com.
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SOURCE Integrated Media Technology Limited