GS Holdings unit forms JV to grow F&B businesses

Singapore

GS Holdings announced on Thursday that its indirect wholly-owned subsidiary, Hao Kou Wei, has entered into a joint venture (JV) agreement with an individual, Xing Zhiyuan, to expand its businesses in the food and beverage (F&B) industry.

The JV company has an existing issued and paid-up share capital of S$20,000, comprising 20,000 ordinary shares.

Mr Xing is a Chinese citizen and a businessman with extensive experience in the F&B industry, said the group in a regulatory update. He has, through his holding companies, established several brands. Among them are …

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