Corporate digest

Delfi

CHOCOLATE confectionary firm Delfi has signed a pact with Japan's Yuraku Confectionery Company Ltd to set up a joint venture in Singapore to make, develop, market and sell a range of chocolate snack products in Indonesia under the Delfi masterbrand.

The joint-venture company, Delfi Yuraku, will be majority owned by Delfi with a 60 per cent stake while Yuraku will hold the remaining 40 per cent. The total initial capital commitment, to be agreed between Delfi and Yuraku, is estimated at US$5-7 million, the company said in a statement.