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GS Holdings exit legacy business; proposes name change to Octopus (APAC) Holdings

Teo Zheng Long
Teo Zheng Long • 2 min read
GS Holdings exit legacy business; proposes name change to Octopus (APAC) Holdings
Hawkerway is the holding company of Hao Kou Wei, Rasa Sayang Village, Sing Swee Kee, Hao Kou Wei Food Group, and Raffles Coffee
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GS Holdings (SGX:43A) announced that it has entered into a conditional share sale and purchase agreement to sell all its shares in its wholly owned subsidiary Hawkerway to Wei Global for a net cash consideration of $650,000.

Hawkerway is the holding company of Hao Kou Wei, Rasa Sayang Village, Sing Swee Kee, Hao Kou Wei Food Group, and Raffles Coffee.

Hawkerway and these subsidiaries operate various food courts, food centres and is involved in developing and managing new and existing food and beverage brands, concepts and franchise.

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