Exclusive Distribution Agreement Between Nextgreen Fertilizer Sdn. Bhd. (A Wholly-Owned Subsidiary Of Nextgreen Global Berhad) And P Teguh Nextgreen Sdn. Bhd. (A 49%-Owned Associate Company) And Contract Agreement Entered By P Teguh Nextgreen Sdn. Bhd. With Inbat Global for Importing Agricultural Machinery And Supplies And Fazzan Cooperative Association For Organic Agriculture For The Supply And Purchase Of Fertilizer

Type	Announcement
Subject	OTHERS
Description	NEXTGREEN GLOBAL BERHAD ("NEXTGREEN" OR "THE COMPANY") -EXCLUSIVE DISTRIBUTION AGREEMENT BETWEEN NEXTGREEN FERTILIZER SDN. BHD. (A WHOLLY-OWNED SUBSIDIARY OF NEXTGREEN GLOBAL BERHAD) AND P TEGUH NEXTGREEN SDN. BHD. (A 49%-OWNED ASSOCIATE COMPANY) AND CONTRACT AGREEMENT ENTERED BY P TEGUH NEXTGREEN SDN. BHD. WITH INBAT GLOBAL FOR IMPORTING AGRICULTURAL MACHINERY AND SUPPLIES AND FAZZAN COOPERATIVE ASSOCIATION FOR ORGANIC AGRICULTURE FOR THE SUPPLY AND PURCHASE OF FERTILIZER

The Board of Directors of Nextgreen Global Berhad (“Nextgreen” or “the Company”) wishes to announce that its wholly-owned subsidiary, Nextgreen Fertilizer Sdn. Bhd. (“NGF”), had on 13 May 2025 entered into an Exclusive Distribution Agreement (“Agreement”) with P Teguh Nextgreen Sdn. Bhd. (“PTNG”), a 49%-owned associate company of the Company. Pursuant to the Agreement, PTNG is appointed as the exclusive distributor of NGF’s organic fertilizer products in the State of Libya.

 

Subsequent to the appointment, PTNG entered into a Contract Agreement in respect of Supply and Purchase of Fertilizer ("Contract Agreement") with Inbat Global for Importing Agricultural Machinery and Supplies (“INBAT”) and Fazzan Cooperative Association for Organic Agriculture (“FAZZAN”), the designated importing agent. The Contract Agreement formalises the arrangement under which PTNG will supply, and INBAT and FAZZAN will purchase NGF’s fertilizer products, NexBooster™ and NexCompost®, upon the terms and conditions set out in the Contract Agreement.

 

(NGF, PTNG, INBAT and FAZZAN are collectively referred to as “the Parties”, and individually as “the Party”.)

 

Please refer to the attachment for further details.

 

This announcement is dated 13 May 2025.

 

Please refer attachment below.

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Attachments

1. NGGB_-_Exclusive_Distribution_Agreement_and_Contract_Agreement_(to_Bursa).pdf (Size: 90,593 bytes)