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Oldtown expands business in China


For the third quarter ended December 31, 2016, Oldtown posted a revenue and net profit of RM115.81mil and RM24.35mil, respectively, bringing its cumulative nine month revenue and net profit to RM318.24mil and RM50.86mil.

For the third quarter ended December 31, 2016, Oldtown posted a revenue and net profit of RM115.81mil and RM24.35mil, respectively, bringing its cumulative nine month revenue and net profit to RM318.24mil and RM50.86mil.

PETALING JAYA: Oldtown Bhd is expanding its business in China by appointing a local partner, with the first outlet in Fujian targeted for opening in the third quarter of this year.

The company entered into a territorial licence agreement yesterday with Xiamen Kuaike Investment Management Co Ltd, which will give Xiamen Kuaike the rights to operate the restaurant business under the “Oldtown White Coffee” brand name in Fujian, China.

Corporate News , Oldtown Bhd , China , Fujian

   

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