Sheng Siong expands into China

Singapore supermarket operator Sheng Siong is partnering with Kunming Lu Chen Group to open China stores.

Sheng Siong and food products manufacturer and distributor Kunming Lu Chen Group have entered into an agreement to form a joint venture that will operate the supermarket brand in the mainland China.

Sixty per cent of the JV will be owned by Sheng Siong, 30 per cent by Kunming Lu Chen Group and the remaining 10 per cent by Tan Ling San, executive director of Sheng Siong.

The JV will have a registered capital of US$10 million.

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