NetX, Saudee unit to launch fast-food chain


KUALA LUMPUR Netx Holdings Bhd has entered into a partnership with Saudi Cold Storage Sdn Bhd, a unit of Saudee Group Bhd, in a venture into the fast-food consumer market in Malaysia.

In a statement, NetX said the business will be carried out by a joint venture company, in which it will own a 51% equity stake while the remaining 49% will be held by Saudi Cold Storage.

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NetX , Saudee , Saudi Burger , consumer , F&B , franchise

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