Singapore News

News from Singapore

Old Chang Kee to expand operations

Posted by jtsmyth8 on March 5, 2008

Listed food retailer Old Chang Kee plans to open 22 new outlets in the next three years in Asia Pacific and sees 15 per cent revenue growth in 2008. William Lim, CEO of Old Chang Kee, told reporters in an interview on Wednesday the firm is focused on expanding its business in Singapore, with 13 of the new retail stores opening this year in the city-state.

‘There are a lot of future events that will springboard our future business – Formula One, the integrated resorts and Youth Olympic Games,’ Mr Lim said.

But Mr Lim said Old Chang Kee is taking its time with overseas expansion, with only 9 outlets in the pipelines so far in Malaysia, Indonesia, Australia and China. (story)


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