Koufu will have an effective stake of 32.4% in the JV company after the completion of the deal.
SINGAPORE (July 4): Koufu Group, the operator of food courts, is expanding its Supertea and R&B Tea brands into Indonesia through a joint venture company and expects to open up to 30 outlets by the end of the year.
Koufu subsidiary Super Tea will hold 54% stake in the JV company. Partners A&O Assets Sdn Bhd (A&O) and Chan Bee Kiew will hold the other 40% and 6% stakes respectively.
