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Jumbo Group Ltd. (Singapore) ( (SG:42R) ) has issued an announcement.
Jumbo Group Ltd. has entered into a joint venture with Si Ji Min Fu Pte. Ltd. to establish a Peking roast duck-themed restaurant in Singapore under the Si Ji Min Fu brand. This collaboration marks an expansion of Jumbo Group’s offerings, leveraging the renowned culinary reputation of Si Ji Min Fu, which is well-known in China for its authentic Peking roast duck and northern Chinese cuisine. The joint venture is expected to enhance Jumbo Group’s market positioning by introducing a new dining concept in Singapore, potentially attracting a wider customer base and strengthening its presence in the local restaurant scene.
More about Jumbo Group Ltd. (Singapore)
Jumbo Group Ltd. is a Singapore-based company operating in the food and beverage industry, primarily known for its chain of restaurants. The company focuses on offering a variety of dining experiences, including seafood and traditional Chinese cuisine.
Average Trading Volume: 74,278
Technical Sentiment Signal: Sell
Current Market Cap: S$162.3M
For a thorough assessment of 42R stock, go to TipRanks’ Stock Analysis page.