Oriental Kopi will provide additional future revenue streams for YKGI, while enabling them to leverage on the business networks and know-how, and to acquire and develop the group’s expertise in operating traditional coffee houses in Singapore.
YKGI Limited’s subsidiary, YKGI Ventures, has entered a joint venture agreement (JVA) with Oriental Coffee International, while incorporating it into the group for an initial paid-up capital of $1 million comprising 10,000 ordinary shares.
According to a release dated Aug 15, the group’s entry into the joint venture is in line with its business strategy to expand outreach through strategic acquisitions and joint venture partnerships.
