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Sheng Siong signs joint-venture deal to run supermarkets in China

By Mei Ling Tan
1 min read
Sheng Siong signs joint-venture deal to run supermarkets in China
Sheng Siong signs joint-venture deal to run supermarkets in China

Singapore-listed Sheng Siong Group has signed a conditional joint-venture (JV) agreement with Kunming LuChen Group Co Ltd to operate supermarkets in China.

Under the conditional agreement, the proposed JV company will be incorporated under the laws of China with a registered capital of USD10 million.

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