Supermarket operator Sheng Siong OV8 announced that its subsidiary Sheng Siong (China) Supermarket had on Sept 11 entered into a lease agreement with Kunming Aegean Shopping Center for a retail space of approximately 83,624 sq ft at Yunnan Aegean Shopping Park.
The new store is expected to be operational before the end of 2Q2024.
This will bring the group’s store count to 69 in Singapore and six in China. This new store is not expected to have a significant impact on the group’s financial performance for FY2023 ended Dec 31.
Shares in Sheng Siong closed at $1.52 on Sept 22.
