Restaurants(IN30144.SG)

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Restaurants
IN30144.SG
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490,800-share grant triggers 3-year vesting at Jumbo Group

Jumbo Group Limited has granted 490,800 shares to directors and employees under its Performance Share Plan, with shares priced at $0.29 each. The shares will vest over three years, with 30% in FY2026, another 30% in FY2027, and the final 40% in FY2028, contingent on performance conditions. This plan aims to align management interests with shareholders.

Singapore Business Review·
SG
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Singapore Business Review·
SG
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Jumbo Group Says Unit Entered Into JV Agreement With Beijing Hualian F&B Management

Jan 22 (Reuters) - JUMBO Group Ltd (JUMB.SI) :* UNIT ENTERED INTO JV AGREEMENT WITH BEIJING HUALIAN F&B MANAGEMENT* REGISTERED CAPITAL OF JV COMPANY SHALL BE RMB 1.5MLN* JV CO WILL DO RESTAURANT OPERATIONS BUSINESS, RESTAURANT MANAGEMENT & SALE OF FOOD PRODUCTS Further company coverage: (JUMB.SI)

Reuters·
SG
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Reuters·
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Jumbo Group Forms Xi’an Joint Venture to Expand Jumbo Seafood Brand in China

Jumbo Group Ltd. has formed a joint venture with Beijing Hualian F&B Management Co., Ltd. to establish a new restaurant in Xi’an, China, under the Jumbo Seafood brand. This partnership aims to enhance Jumbo's presence in China's dining market, leveraging local expertise. Jumbo Group, based in Singapore, operates a range of seafood and Chinese cuisine restaurants and is focused on expanding its footprint in key markets through strategic partnerships.

Tip Ranks·
SG
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Tip Ranks·
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ST Group Food Issues Status Quo Update on UK Subsidiary Liquidation

ST Group Food Industries Holdings Limited has provided an update on the liquidation of its UK subsidiary, GCTea Outlets 2B Ltd. The company reported no significant developments since December, indicating that the liquidation process is ongoing without major changes. Stakeholders should not expect immediate changes from this subsidiary's winding up. ST Group operates in the food and beverage sector through various subsidiaries in the UK and Australia.

Tip Ranks·
SG
DRX
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Tip Ranks·
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Jumbo Group to acquire leasehold interest in Tai Seng Street property from Boustead Industrial Fund

Jumbo Group plans to acquire a leasehold interest in a property at 26 Tai Seng Street from Boustead Industrial Fund. Currently, Jumbo occupies over half the property under a long-term lease, which is crucial for its operations. The acquisition aims to reduce rental volatility and enhance long-term occupancy stability. It will be executed through a special purpose vehicle, with Jumbo Group of Restaurants holding 30% and Perpetual (Asia) 70%. The option to acquire the leasehold interest will be available after April 10, 2033.

Businesstimes News·
SG
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Businesstimes News·
SG
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Tsmc will fly to the moon, let’s go!

Trump's investigation on Powell would be an indirect warning to the next Fed chair. interest rates likely to stay low as a result.

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