Jumbo Group Expands into Indonesia with Joint Venture

Jumbo Group Ltd. (Singapore) (SG:42R) has released an update.

Jumbo Group Limited, through its subsidiary PT Jumbo Food and Beverages Indonesia, has partnered with Indonesian company PT Citra Rasa Sukses International to establish ‘PT JESKA Food and Beverage Services.’ This joint venture aims to manage and operate the ‘Jumbo Seafood’ restaurant brand in Indonesia, expanding the Group’s presence in the food and beverage sector.

For further insights into SG:42R stock, check out TipRanks’ Stock Analysis page.