To recap, the duo entered into the JV agreement in Aug 15, 2023. A JV company was set up between the two, with an initial paid-up capital of $10,000 comprising 10,000 ordinary shares. YKGI (SGX:YK9
) held a 70% stake in the JV company, while Oriental Coffee held the remaining 30%.
YKGI announced that it has terminated a joint venture (JV) agreement with Malaysia-based Oriental Coffee International.
Oriental Coffee operates the Oriental Kopi traditional coffee house outlets across KL, Selangor and Johor areas in Malaysia.
