Malaysian garment manufacturer Warisan TC Holdings Berhad on Monday revealed it has agreed a deal with Wacoal Corp for a joint venture to produce women’s lingerie, sportswear and apparel.

Warisan said in a news release that both parties will hold a 50 per cent stake in the JV which will see either a new company set up or Tan Chong Apparels Sdn Bhd, a subsidiary of Warisan, given the rights to produce and supply goods to the JV.