Intraco Limited’s 70%-owned subsidiary, Intraco Prime, has entered into an exclusive distribution agreement and Singapore co-marketing memorandum with Luzhou Laojiao International Development (HK) Co., Ltd. on Dec 21.
Under the agreements, Intraco Prime will exclusively distribute the National Cellar 1573 series of Chinese baijiu in Singapore for five years from Dec 28 to Dec 31, 2027.
Luzhou Laojiao International is a subsidiary of Luzhou Laojiao Company Limited. The company is headquartered in Luzhou, Sichuan Province, China.
Shares in Intraco closed 2.5 cents higher or 9.09% up at 30 cents on Dec 21.
