Corporate digest

BreadTalk Group

BAKERY and restaurant operator BreadTalk Group has entered into a joint venture agreement to operate the Wu Pao Chun line of Taiwanese bakeries in China, Hong Kong and Singapore. The joint venture will open its first bakery in Shanghai later this year, with BreadTalk holding 80 per cent of the business in that territory and Wu Pao Chun Food holding the remaining 20 per cent. In Beijing, Shenzhen and Guangzhou, Wu Pao Chun Food will have an option to take up to a 40 per cent stake. Joint venture agreements for Singapore and Hong Kong will also be signed soon, with BreadTalk taking an 80 per cent stake in the Singapore portion of the business.

Yoma Strategic Holdings