Signature International, Scanwolf collaborate to grow project, retail business segments

Signature International, Scanwolf collaborate to grow project, retail business segments
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KUALA LUMPUR (April 20): Signature International Bhd has announced a strategic collaboration with Scanwolf Corp Bhd in a bid to grow its project and retail business segments through partnerships with leading brands and corporations.

In a statement, the group said its wholly-owned subsidiary Signature Cabinet Sdn Bhd signed an agreement for exclusive distributorship with Scanwolf Marketing Sdn Bhd, a wholly-owned subsidiary of Scanwolf.

The group expects the collaboration to create value for both parties’ clients in the B2P, B2B and B2C segments, it said.

“The exclusive distributorship is in line with our plans for strategic growth in the project segment, and we are proud to establish a collaboration with Scanwolf, a company that is committed to delivering high quality eco-friendly flooring materials using the latest state-of-the-art engineering and technology.

“With Signature’s premium branding and proven track record of more than 26 years in the corporate project segment, the inclusion of Scanwolf’s innovative product offerings will be an added value to our offerings to developers for upcoming property developments,” said Signature Cabinet project business chief executive officer KS Lau.

To penetrate the B2B and B2C segments, Scanwolf Marketing has also entered into a distributorship agreement with Signature Distribution Sdn Bhd, another wholly-owned subsidiary of Signature.

Scanwolf general manager Yann Kang Tan said both agreements will foster a long-term strategic alliance between the parties.

“The ultimate objective is to create a healthy ecosystem when it comes to the building material and home furnishing industries, which will benefit both our business partners and clients in the long run,” said Yann.

Signature rose six sen or 4% to close at RM1.56 on Wednesday (April 20), giving it a market capitalisation of RM461 million.

Scanwolf closed one sen or 1.1% higher at 93.5 sen, translating to a market capitalisation of RM182 million.

Tan Choe Choe