Malaysia-based confectioner Cocoaland said today (21 July) that the company is in talks over a possible “strategic partnership”.

The company, which generated turnover of MYR133.1m (US$41.4m) in 2009, said it is “in discussions and negotiations with potential partners to broaden Cocoaland’s growth”.

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Cocoaland added that the talks could lead to new shares being issued “at discount” although no final decision had been taken.

The confectioner, which posted net profit of RMB19.7m in 2009, has three manufacturing sites in Malaysia and one in China.

The company makes a range of snacks, beverages and confectionery, and has licence agreements to make Wrigley and GlaxoSmithKline products for the Malaysian market.

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