New Toyo International Holdings Ltd (SG:N08) has released an update.
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New Toyo International Holdings Ltd has expanded into the food and beverage industry by acquiring New Ocean Beijing Duck Restaurant, aligning with its strategy to diversify revenue streams. The decision is backed by positive growth forecasts in the Malaysian full-service restaurant sector, which is expected to grow robustly. The move is part of the company’s plan to build upon its core businesses and tap into new earnings opportunities.
For further insights into SG:N08 stock, check out TipRanks’ Stock Analysis page.