Tuesday, September 29, 2020

OR takes 'Café Amazon' to Vietnam in JV with Central Restaurants

Dec 19. 2019
Facebook Twitter
PTT Oil and Retail Business Plc (OR) and Central Restaurants Group Company Limited (CRG) signed a joint venture agreement on Thursday (December 19) for the establishment and operation of a “Café Amazon” branch in Vietnam's Ho Chi Minh city in the second quarter of next year.

OR is a subsidiary of PTT Plc. PTTOR International Holdings (Singapore) Pte Ltd, a company under OR, will take a 60 per-cent stake in the joint venture, with CRG holding the balance of 40 per cent.

OR's total investment in the project will not exceed US$ 2.1 million. It will provide a master franchise right to the JV to expand "Cafe Amazon" in the country.


Facebook Twitter
More in BizMoves
Editor’s Picks
Top News