ABR Holdings Limited (SG:533) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
ABR Holdings Limited has announced the establishment of a joint venture, Tipo Wheelock Pte. Ltd., in Singapore with equal partnership between its subsidiary All Best Foods Pte. Ltd. and Tipo 16H, under the Black Hole Group. The new joint venture will operate a food and beverage establishment under the brand Tipo Strada, with an initial share capital of S$180,000. This strategic move is expected to have no significant impact on the company’s assets or earnings for the financial year ending 2024.
For further insights into SG:533 stock, check out TipRanks’ Stock Analysis page.