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Business Times:

RETAILER and multi-level marketer (MLM) Hai-O Enterprise Bhd (7668)has no plans to raise prices of its products despite the rise in production costs.

Group managing director Tan Kai Hee said the company will absorb the additional cost then pass it on to consumers.

“If we increase the price, it will burden the consumers,” he said after the company’s shareholders’ meeting in Kuala Lumpur yesterday.

Logo from Hai-O

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Originally posted by Angela Shupe on March 2, 2010 in MLM Site.

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