Fellow villagers Chicken and Treasure Catering Group will set up a joint venture company to enter the Singapore market.

Singapore Jumbo Group announced on June 30th that its wholly-owned subsidiary, Jumbo F&B Services, has signed a joint venture and shareholder agreement with Old Chang Kee. Both parties will establish a joint venture company in Singapore to operate Old Chang Kee branded restaurants. Old Chang Kee will hold a 51% stake in the joint venture company, while Jumbo Group will hold a 49% stake.