Article: Firm expects to recoup investment in chocolate cafe by June 2009

Kang Siew Li
New Straits Times
08-04-2008
Firm expects to recoup investment in chocolate cafe by June 2009
Byline: Kang Siew Li
Edition: Main/Lifestyle
Section: Business Times
Type: Company

SECOND board-listed Hing Yiap Knitting Industries Bhd expects to recoup its investment in Theobroma Chocolate Lounge by the end of its current fiscal year ending June 30 2009.

In May this year, Hing Yiap secured a master franchise agreement with Australia's Theobroma - Food of the Gods Pty Ltd - to open and develop the chocolate cafe business in Malaysia and Brunei for 10 years.
It has opened its first two outlets in 1 Utama and Pavilion KL shopping centres at a capital outlay of RM500,000 to RM600,000 per ...

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