NTUC Enterprise to buy Kopitiam, subsidiaries for undisclosed sum by year-end

Singapore

NTUC Enterprise Co-operative Limited is acquiring homegrown food centre operator Kopitiam Investment and its subsidiaries as part of its social mission to ensure that cooked food remains affordable and accessible to the Singapore community, it announced on Friday.

The social enterprise arm of the National Trades Union Congress (NTUC) said that Kopitiam will complement the current operations of NTUC Foodfare in providing affordable, quality and healthier meal options. NTUC Enterprise did not indicate the value of the transaction, which it expects to complete by the end of 2018.