Oldtown's unit signs TLA with China's G&L
Published on: Saturday, July 16, 2016
Kuala Lumpur: Shenzhen Kopitiam Asia Pacific Ltd (SZKAP) has entered into a Territorial Licence Agreement (TLA) with China-based G&L Food and Beverage Management Company Ltd to establish a restaurant business under the "Oldtown White Coffee" brand name in Jiangsu province.SZKAP is an indirect wholly-owned subsidiary of Oldtown Bhd.Stay up-to-date by following Daily Express’s Telegram channel.
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In a filing to Bursa Malaysia, Oldtown said the two companies signed the agreement on July 4, which could be renewed for a period of five years.
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G&L is scheduled to open its first China outlet in Wuxi city in the southern Jiangsu province in October this year. – Bernama