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Singapore Myanmar Investco unit in JV with Pinnacle Myanmar to run Jones the Grocer restaurant in Myanmar

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Singapore Myanmar Investco unit in JV with Pinnacle Myanmar to run Jones the Grocer restaurant in Myanmar

Samantha Chiew Published on Wed, Apr 04, 2018 / 6:32 PM GMT+8

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SINGAPORE (Apr 4): Singapore Myanmar Investco (SMI) says wholly-owned subsidiary, SMI F&B, has partnered Pinnacle Myanmar to incorporate a Singapore joint venture company, SMI Pinnacle.

SMI F&B will invest US$102,000 ($133,690) for a 51% stake in SMI Pinnacle.

As part of the JV agreement, SMI Pinnacle will run the business of Jones the Grocer, a restaurant and food retailing concept, in SIngapore.

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