BAT just approved to supply Indonesia cigarette market.
TIEN WAH PRESS HOLDINGS BERHAD ("TWPH") PURCHASE
OF BRITISH AMERICAN TOBACCO INDONESIA
PRINTING BUSINESS AND SUPPLY AGREEMENT
The Board of Directors is pleased to announce that on 4 October 2016, TWPH has been awarded the tender by PT Bentoel Internasional Investama Tbk (“Bentoel Group”), a member of British American Tobacco Group (“BAT Group”) in Indonesia, whereby TWPH or through its subsidiaries shall be entitled to acquire the entire issued and paidup shares of PT. Bintang Pesona Jagat (“BPJ”), one of the subsidiaries in Bentoel Group which undertakes Bentoel Group Printing Business in Indonesia. It comes together with an award of a 6years’ Manufacturing and Supply of Packaging Materials Agreement where Bentoel Group shall appoint TWPH Group as the supplier of the printing supplies.
