Wednesday, July 27, 2011

Berjaya Food up on Indon expansion plan

KUALA LUMPUR: Berjaya Food Bhd shares rose in early trade on Wednesday, July 27 on its plans to expand its Kenny Rogers Roasters (KRR) brand into Indonesia.

At 9.10am, Berjaya Food rose half a sen to 86.5 sen with 10,000 shares done.

The company has inked a joint venture (JV) agreement with three Indonesian companies to develop and operate the franchise.

It had entered into a conditional JV agreement with PT Mitra Samaya (MS), PT Harapan Swasti Sentosa (HSS) and PT Boga Lestari Sentosa (PT Boga) to operate the franchise in Java island and Bali, Indonesia under PT Boga.

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