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Sheng Siong sets up 4th store in China

Singapore Business Review logo Singapore Business Review 6 days ago Staff Reporter
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Sheng Siong (China) Supermarket Co. Ltd. has entered into a lease agreement to open a new store in China.

The agreement, signed with Yunnan Tengda Yungtong Real Estate Co. Ltd., is for a retail space with approximately 30,772 square feet located at Xindu Yuncheng.

The new store is expected to be operational ahead of the end of the fourth quarter of the year.

This new store is not expected to have a significant impact on the Group’s financial performance for the financial year ending 31 December 2021,” the Group said in an announcement, signed by its CEO Lim Hock Chee.

This will bring the Group’s store count to 63 in Singapore and 4 in China.

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