$Chagee Holdings Limited(CHA)$
KUALA LUMPUR: Magma Group Bhd, via its wholly-owned subsidiary Magma Chain Management Sdn Bhd (MCM), is setting up a joint venture company (JVC) with beverage retailer Chagee (M) Sdn Bhd to operate and grow the Chagee business in Malaysia.
The JVC aims to establish up to 300 directly managed Chagee outlets in Malaysia within three years, to be progressively rolled out in phases.
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