NPPG(Thailand) Joint venture for restaurant in China
NPPG (Thailand) Plc has formed a joint venture firm with Kinghill Overseas Holdings Ltd, a subsidiary of Charoen Pokpand Group, for a restaurant in China in the last quarter of this year, the company’s chief executive officer Supajak Triratnopas said yesterday.
He added that the company will hold a 49 per cent stake in the joint venture firm, Kinghill Food Co Ltd, with 51 per cent held by Kinghill Overseas Holdings Ltd.
Following the business expansion in China, the company expects its total revenue will increase by up to four-fold from its estimated revenue of Bt600 million this year, he said.
