Article: MALAYSIAN TEXTILE RETAILER INVESTS IN BRUNEI VENTURE.

KUALA LUMPUR, March 25 Asia Pulse - Kamdar Group (M) Bhd (KLSE:8672) is expanding to Brunei with an investment of RM1.2 million (US$330,989) in a joint venture with PG Salleh AB Rahaman P.H. Damit.

In a filing with Bursa Malaysia Monday, the textile retailer said a joint venture company, Kamdar (BRU) Sdn Bhd (KBSB), would be set up.

"Wholly-owned subsidiary, Kamdar (B) Sdn Bhd, will hold 70 per cent stake in KBSB while PG Salleh will hold 30 per cent," it said.

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