According to GS Holdings, the JVA was mutually terminated due to due to commercial reasons, particularly the poor performance of the JV company.
GS Holdings (SGX:43A
) has terminated its joint venture agreement (JVA) with Focaccia Foods.
The JVA was entered into between GS Holdings’s indirect wholly-owned subsidiary, Hao Kou Wei Pte. Ltd. and Focaccia Foods on Nov 1, 2021.
