ENGINEERING services provider Ellipsiz plans to trade in ready-to-eat meals in a joint venture agreement with a celebrity chef that was signed and announced on Thursday.Kalms SG an Ellipsiz associate that distributes ready-to-eat meals in vending machines will partner chef Justin Queks JQ Global restaurant consultancy in a 50-50 joint venture according to a bourse filing.The planned business will see Kalms SG and JQ Global through new joint-venture company Chef Chefs getting ready-to-eat meals and then selling them to Kalms SG its nominees or third-party buyers.In giving the rationale for the deal the board of Ellipsiz said that the joint venture would achieve operational synergies because a company that is 60 per cent-owned by Kalms SG can make the ready-to-eat meals in its kitchen facilities.
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Tender Reference No.
440285131
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Publication Date
07 Dec 2018
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Sector
Banking, Finance, Insurance and Securities (BFIS)
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Notice Type
News
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Location
Singapore
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