With new S$10 million HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth
Group CEO Ang Kiam Meng is confident that the group’s bottom line will improve in FY2027 as its investments begin to bear fruit
[SINGAPORE] Catalist-listed seafood restaurant group Jumbo is set to expand its footprint in China and South-east Asia, even as it focuses on diversifying its business at home through premium dining concepts and a push into institutional catering.
Underpinning these growth plans is the group’s S$10 million investment in a new headquarters (HQ) in Tai Seng Street. The facility consolidates its corporate office and central kitchen into a single site at over 90,000 square feet – nearly double the size of its previous premises.
Speaking to The Business Times in an exclusive interview, Jumbo’s group chief executive officer and executive chairman Ang Kiam Meng said the move – which was entirely funded by internal reserves – was necessary to future-proof the business, as the group’s operations had begun to outgrow its previous facilities.
TRENDING NOW
Why US$100 oil, 5% US yields affect Singdollar, ringgit differently vs other Asean currencies
Singapore fintechs struggle to find finance and tech talent
Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing
Why Tan Aik Keong of digital solutions specialist Agmo wants to make himself less indispensable
