LG buys back distribution rights from FSC for RM8.97 million

LG buys back distribution rights from FSC for RM8.97 million

The distributor of key LG Household and Health Care lines for the Malaysian market, Tomei, has sold its rights to distribute lines such as The History of Whoo and Belif back to their owner for the sum of RM8.97 million, according to a report published by The Sun Daily.

LG Household & Health Care Malaysia has entered into an asset purchase agreement with Flawless Skin Care, a subsidiary of Tomei.

“The disposal would enable Tomei to utilize its resources and focus on the core businesses of the group in the gold and jewellery business,” Tomei told The Sun Daily in a statement.  

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