Jumbo Group to acquire Kok Kee Wanton Noodle for $2.1m
SINGAPORE - Food and beverage establishment Jumbo Group announced on Thursday (Nov 26) its proposed acquisition of popular hawker stall Kok Kee Wanton Noodle for $2.1 million.
It will take a 75 per cent stake in the 35-year-old wonton noodle stall. The remaining 25 per cent will be held by Kok Kee's owner Leong Goh Lian.
Once the acquisition is complete, Kok Kee will become an indirect subsidiary of the Jumbo Group, which will have exclusive rights to develop a franchise system for Kok Kee in Singapore and overseas.