Singapore Myanmar Investco to open ramen restaurants

SINGAPORE (July 14): Singapore Myanmar Investco (SMI) has signed a licensing agreement with Chikaranomoto Holdings Co. to operate and manage IPPUDO ramen restaurants in Myanmar.

The agreement was signed for a five-year term and will be extended for another three years with the same terms and conditions unless either party seeks to terminate the agreement in writing, within six months of its expiration.

Chikaranomoto operates the Ippudo chain, which has 90 restaurants in Japan and more than 60 restaurants in countries including the US, Singapore, Hong Kong, China, Taiwan, Australia, Malaysia, the Philippines, Indonesia, Thailand, the UK and France.

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