(17-04-2017, 11:13 AM)Xiaosaint Wrote: Annual report is out!
Seems like they have been having trouble with their China venture. The retail store opening is delayed and is now expected to happen by end of 3Q17.
http://infopub.sgx.com/FileOpen/SSG_2016...eID=448079
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IMO the later the better. Push out to 2020 even better LOL
"Our subsidiary Sheng Siong (China) Supermarket Co., Ltd obtained vacant possession of the leased retail space in Kunming, and we envisaged that the supermarket would commence operations by the end of 3Q2017."
In earlier section, another store on the way ?
"We have acquired the HDB shop at Block 209 New Upper Changi Road, where our Bedok store is located for defensive reasons. "