Walton Hi-Tech Industries has inked a deal with Monik Trading Private Ltd, a Sri Lankan company, to develop joint brands and expand market reach.

A memorandum of understanding (MoU) was signed with Monik Trading to this end, Walton said in a disclosure on the Dhaka Stock Exchange (DSE) yesterday.

The MoU aims to foster a cooperative and mutually beneficial relationship, focusing on continuous product purchases, marketing, quality customer service, and product promotion between the two companies.

Monik Trading is headquartered in Badulla, Sri Lanka, and Walton Hi-Tech plans to implement a comprehensive business roadmap to enhance their competitive edge in the designated arena.

Shares of Walton ended almost flat at Tk 492.20 on the DSE yesterday.