SINGAPORE (April 21): Mainboard-listed Delfi has entered into a joint venture agreement with Japan’s Yuraku Confectionery Company to produce, develop, market and sell a range of chocolate snack products in Indonesia.

Delfi will hold a majority 60% share in the joint venture company, named Delfi Yuraku, with Yaraku holding the remaining 40%.

The total initial capital commitment is estimated to be between US$5-7 million ($7-10 million).

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