BreadTalk's JV incorporates wholly-owned subsidiary in Shanghai
BREADTALK Group Limited announced on Thursday that its indirect 90 per cent-owned joint venture company, BTG-Song Fa Venture Pte Ltd, has incorporated a wholly-owned subsidiary in Shanghai.
BreadTalk said that the registered capital of the incorporation of Song Yu (Shanghai) Management Co Ltd is US$3.01 million. Principal activities include restaurant management, corporate management consultation, and import and export business and provision of relevant services.
The incorporation is funded through internal resources and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the company for the financial year ending Dec 31, 2017.
BreadTalk closed trading at S$1.60 on Thursday, up one Singapore cent, or 0.63 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3% to S$293.7 million
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192
Netflix handily beats subscriber targets, misses on revenue forecast
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts