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Jumbo to buy 75% stake in Kok Kee Wanton Noodle for S$2.1m

Hit by the pandemic, F&B group swings into the red for FY20 with net loss of S$8.2 million

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Kok Kee will grant Jumbo the exclusive rights to develop a franchise system in the domestic and overseas markets.

Singapore

FOOD and beverage (F&B) play Jumbo Group is looking to acquire a 75 per cent interest in popular dumpling noodle stall Kok Kee Wanton Noodle for S$2.1 million in cash and shares. This will mark the group's first inorganic expansion since it listed in 2015.

Jumbo,...

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