Hi-P unit invests 22.8m yuan in coffee machine JV with Cino Coffee

Hi-P International's wholly owned subsidiary Huglomerate is investing 22.8 million yuan into a joint venture with Cino Coffee Machine Mfg Co Ltd to make coffee machines and provide packaging for coffee and beverages. Huglomerate will hold a 20% stake.

“A WHOLLY owned subsidiary of mainboard-listed Hi-P International is investing 22.8 million yuan (S$4.63 million) into a joint venture (JV) company that will make coffee machines and provide packaging for coffee and beverages.”businesstimes.com.sg

• 1 source
• businesstimes.com.sgHi-P unit to sink 22.8m yuan in coffee machine making business - The Business TimesJun 16, 2017

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