See also: Buy supermarkets and F&B counters like Sheng Siong and Koufu, says DBS
The new store is expected to be operational before the end of 3Q2021, bringing Sheng Siong’s store count to three in China in addition to its 63 stores in Singapore.
The new store is not expected to have a significant impact on the group’s financial performance for FY2021 ending December.
Shares in Sheng Siong closed 1 cent or 0.63% lower at $1.57 on June 8.
