September 22, 2017 7:18 PM ET

Healthcare Providers and Services

Company Overview of MiLOC Pharmaceutical (HK) Ltd.

Company Overview

MiLOC Pharmaceutical (HK) Ltd. engages in sales and distribution of traditional Chinese medicine. The company is based in Hong Kong. MiLOC Pharmaceutical (HK) Ltd. operates as a subsidiary of Miloc Group Limited.

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Hong Kong

Key Executives for MiLOC Pharmaceutical (HK) Ltd.

MiLOC Pharmaceutical (HK) Ltd. does not have any Key Executives recorded.

MiLOC Pharmaceutical (HK) Ltd. Key Developments

MiLOC Pharmaceutical (HK) Limited Enters into a Distribution Agreement with a Taiwan Company

MiLOC Pharmaceutical (HK) Limited entered into a distribution agreement with a Taiwan based company. However, due to this unforeseen delay, and the additional time spent by the Distributor building its marketing channels in Taiwan, the Distributor has requested an extension of the contract term. The Distributor has guaranteed to the Company that the sales target of HKD 20 million will be met by the end of the extended contract term, and accordingly MiLOC Pharmaceutical has agreed to extend the contract term of the Distribution Agreement to 31 March 2017. The directors of the Company believe that by extending the contract term, this will help maintain the good business relationship with the Distributor. Orders have already been placed pursuant to the Distribution Agreement, and having held extensive conversations with the Distributor, the Directors are confident that extending the contract term of the Distribution Agreement will result in an increase in overall revenue to the Group. The company also announced an update in relation to MiLOC Pharmaceutical's agreement with Aaron Kwok to collaborate and work together with respect to the design, content, promotion and marketing of a range of TCM hair care products, which contain traditional Chinese herbal ingredients as announced on 5 July 2016. The endorsement Agreement was entered into by the Company with BrandKing Worldwide Limited and First Strong Workshop Limited.

MiLOC Pharmaceutical (HK) Ltd. Announces Distribution Agreement

MiLOC Pharmaceutical (HK) Limited  announced that it has entered into a distribution agreement with a Taiwan based company. Pursuant to the Agreement and with effect from 1 January 2016, the Distributor is contracted to place a minimum order of MiLOC Pharmaceutical's TCM PLUS skincare products over a 12 month period, for a total consideration of HKD 20,000,000. Each set of TCM PLUS skincare contains products from its washing series, moisturizing line, whitening line and anti-aging line.

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