Old­town to op­er­ate cafe out­lets in Fujian

New Straits Times - - Business -

KUALA LUMPUR: Old­town Bhd, via its in­di­rect unit Shen­zhen Ko­pi­tiam Asia Pa­cific Ltd (SZKAP), is to op­er­ate cafe out­lets in Fujian, China, by the third quar­ter of this year. Old­town said SZKAP had en­tered into a five-year ter­ri­to­rial li­cence agree­ment with Xi­a­men Kuaike In­vest­ment Man­age­ment Com­pany Ltd and its sole di­rec­tor and share­holder, Zeng Libin. It has an op­tion to re­new for two con­sec­u­tive terms of five years, bring­ing the to­tal to 15.

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