Jumbo Group sets up Xi’an joint venture with Beijing Hualian subsidiary

SGX Filings

01/22

Jumbo Group Limited announced on Jan, 22 2026 that its indirect wholly-owned subsidiary, Jumbo F&B Services (Shanghai) Co., Ltd. (JFSL), has entered into a joint venture agreement with Beijing Hualian F&B Management Co., Ltd. to launch a “Jumbo Seafood” restaurant in Xi’an, China.

The new company will have registered capital of about 1.5 million Singapore dollars and will be owned 80% by Beijing Hualian and 20% by JFSL.

The board of the joint venture will comprise three directors, two appointed by Beijing Hualian and one by JFSL, with Beijing Hualian also naming the chairman.

Jumbo said the investment will be funded through internal resources and is not expected to have a material impact on the group’s net tangible assets per share or earnings per share for the financial year ending Sep, 30 2026.

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