BreadTalk Singapore/Taiwan deal for China
BreadTalk Singapore says it has formed JVs with a Taiwan company to run bakeries in China.
BreadTalk subsidiary Shanghai Star Food F&B Management has partnered with Wu Pao Chun Food of Taiwan to run Wu Pao Chun outlets in Beijing, Shanghai, Shenzhen and Guangzhou. Shanghai Star will hold 80 per cent of the Shanghai JV and can own up to 40 per cent of the Beijing, Shenzhen and Guangzhou JVs.
Both companies expect to form JVs for co-operation in Singapore and Hong Kong later.
BreadTalk owns 1000 retail stores in Singapore, Mainland China, Hong Kong, Malaysia and Thailand.