This will bring the group’s store count to 69 in Singapore and six in China. This new store is not expected to have a significant impact on the group’s financial performance for FY2023 ended Dec 31.
Shares in Sheng Siong closed at $1.52 on Sept 22.
Supermarket operator Sheng Siongannounced that its subsidiary Sheng Siong (China) Supermarket had on Sept 11 entered into a lease agreement with Kunming Aegean Shopping Center for a retail space of approximately 83,624 sq ft at Yunnan Aegean Shopping Park.
The new store is expected to be operational before the end of 2Q2024.
