BreadTalk responds to SGX query, says it's in talks to form JV
BREADTALK Group is in talks with several third parties to form a joint venture (JV) that will be a franchisee and operator of an existing business in a new territory.
The group said this on Wednesday evening in response to a query by Singapore Exchange (SGX) on unusual trading activity in its shares.
"The discussion is in relation to a core business of the group and is not expected to have a material financial impact in the current financial year ending 31 December 2016," the group said, adding that it will issue a press release on this shortly.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Morgan Stanley Asia private equity unit to reorganise as CEO retires
Mercedes says it will continue to invest in China tie-ups
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
Gold trades in tight range as market focuses on US economic data
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
Battery firm LG Energy Solution Q1 profit plunges on weak EV sales