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The latest announcement is out from Jumbo Group Ltd. (Singapore) ( (SG:42R) ).
Jumbo Group’s indirect wholly owned subsidiary, Jumbo F&B Services (Shanghai) Co., Ltd., has entered into a joint venture agreement with Beijing Hualian F&B Management Co., Ltd. to establish a new joint venture company in Xi’an, China, to operate a restaurant under the Jumbo Seafood brand. The partnership leverages BHFB’s local capabilities and existing relationship with Jumbo in Beijing, and marks a continued push by the Singapore-listed group to deepen its presence in China’s dining market by expanding its flagship seafood concept into another major Chinese city.
More about Jumbo Group Ltd. (Singapore)
Jumbo Group Limited is a Singapore-based food and beverage company best known for its Jumbo Seafood brand, operating a portfolio of seafood and Chinese cuisine restaurants across Asia. The Group focuses on expanding its restaurant footprint in key consumer markets, including Mainland China, through wholly owned subsidiaries and strategic partnerships with local partners in prime retail and dining locations.
Average Trading Volume: 213,852
Technical Sentiment Signal: Buy
Current Market Cap: S$180.6M
See more data about 42R stock on TipRanks’ Stock Analysis page.