The Board of Directors of KTC Consolidated announced that the company had on 21 January 2016 entered into a Memorandum of Understanding with SCGM who is desirous to appoint KTC Consolidated as the sole distributor of SCGM's ‘Benxon'-brand food packaging and plastic cups to food and beverage retailers and manufacturers in the East Malaysia and Brunei markets. A distribution agreement will be signed within a period of 30 days from the date of the MOU.