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Koufu enters into another JV for Indonesian expansion after first JV failed to take off

Samantha Chiew
Samantha Chiew • 2 min read
Koufu enters into another JV for Indonesian expansion after first JV failed to take off
SINGAPORE (Dec 18): Koufu Group announced that its subsidiary, Super Tea, has entered into a joint venture with PT Berkah Cipta Adirasa to develop, establish, manage and operate the Supertea and R&B Tea brans in Indonesia.
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SINGAPORE (Dec 18): Koufu Group announced that its subsidiary, Super Tea, has entered into a joint venture with PT Berkah Cipta Adirasa to develop, establish, manage and operate Super Tea's food and beverage brands in Indonesia.

Koufu says the joint venture presents the group with an opportunity and an effective platform to expand its business of operating food and beverage outlets in Indonesia.

It adds that the joint venture is in line with the group’s long term objectives of delivering growth and enhancing its revenue stream.

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