Jumbo Group takes 20% stake in Xiâan restaurant joint venture
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Jumbo Group has acquired a 20% stake in a joint venture with Beijing Hualian F&B Management Co to operate a restaurant in Xi'an, China. The investment of 300,000 yuan (S$55,300) will be funded through internal resources and is not expected to significantly impact the group's financial performance for the year ending September 30. The restaurant will operate under the Jumbo Seafood brand, expanding the group's presence in Xi'an, a city they believe has strong market potential.
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