MBC enters grocery retail business

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A Chicago Chicken City food truck at the TMG Mart Sri Gombak, Kuala Lumpur.

PETALING JAYA: Malaysian Bulk Carriers Bhd (MBC) had entered into a conditional collaboration agreement with Tunas Manja Sdn Bhd (TMSB) to diversify into the grocery retail business.

TMSB is principally involved in the business of management of supermarket chain stores, including general trading of daily necessities and food products to consumers.

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It operates a chain of 85 supermarkets and grocery stores operating under the “TMG” brand throughout Malaysia, with the majority of the stores located in the East Coast of Peninsular Malaysia, a filing by MBC with Bursa Malaysia said.

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