Germany's Pelikan Sells-Out Toner Business
To Prolific Chinese Toner Cloner Print-Rite.com
Pelikan, subsidiaries, dispose of printer consumable business in 4 countries.
By Bernama – June 30, 2017.
KUALA LUMPUR: Stationery company Pelikan International Corporation Bhd and its key subsidiaries involved in the manufacturing, sales and distribution of re-manufactured toner, inkjet cartridge and nylon ribbons are disposing of business undertakings in Germany, France, the Czech Republic and China for RM30 million.
“The proposed disposal will cut losses to the group and also result in a stable stream of income through royalty earned with the trademark licensing arrangement,” Pelikan said in a filing to Bursa Malaysia.
It said, in the past, the group had streamlined its business into separate core business groups, namely stationery, printer consumable, production and asset holding.