Frozen food processor and trader PT Resources Holdings Bhd is strengthening its push into the China market through a new strategic collaboration with the Export-Import Bank of Malaysia Bhd (Exim Bank), aimed at supporting the group’s overseas expansion and enhancing its international trade capabilities.
In a filing with Bursa Malaysia, PT Resources said it has entered into a memorandum of understanding (MOU) with Exim Bank that outlines areas of cooperation in trade financing, export facilitation, and strategic support for its overseas ventures. These include its ongoing coconut processing operations in Fuqing City, Fujian Province, a key initiative under the group’s expansion plan in China.
“The MOU serves as a framework for collaboration to strengthen PT Resources’ trade and export operations while enhancing its ability to expand into new and emerging markets,” the group said. “Through this partnership, we aim to build a more resilient and efficient supply chain network that supports our long-term vision of becoming a regional leader in sustainable food solutions.”
The collaboration, valid for two years from the signing date, may be extended upon mutual agreement between both parties. PT Resources added that while the MOU does not create any immediate legal obligations, it marks an important step toward forming formal agreements that will underpin future trade and financing activities.
Exim Bank, a government-owned development financial institution, focuses on facilitating Malaysia’s international trade through credit facilities, export insurance, takaful, and guarantee services — particularly targeting non-traditional and emerging markets. Its partnership with PT Resources underscores Malaysia’s commitment to promoting local businesses’ global competitiveness, especially within the halal and agri-food sectors.
The MOU exchange took place during the Malaysia International Halal Showcase (MIHAS) Shanghai 2025, held alongside the China International Import Expo (CIIE) in Shanghai, China. The signing ceremony was witnessed by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, underscoring government support for Malaysian companies expanding abroad.
PT Resources said the collaboration aligns with its strategic goal of growing its presence in China — one of the world’s largest markets for frozen and processed food — while exploring new opportunities in regional halal food exports.
Shares in PT Resources closed one sen or 3.23% lower at 30 sen on Thursday, valuing the group at RM160.51 million. Year to date, the stock has fallen more than 30%, amid broader market volatility and higher operational costs in the food processing sector.
