SINGAPORE (Dec 19): The Jumbo Group of Restaurants, a wholly-owned subsidiary of Jumbo Group, has entered into a franchise agreement with Ho Sing Food for the latter to establish and operate the Jumbo Seafood brand of restaurants in Taiwan.

The deal was signed last Thursday, and the first Jumbo Seafood outlet in Taiwan opened last Saturday at Shin Kong Mitsukoshi (Xin Yi) in Taipei.

In a Tuesday announcement, Jumbo says its envisages eight Jumbo Seafood outlets to open in Taiwan under the franchise agreement with Ho Sing, which has an initial term of 10 years and may be renewed for a further 10 years.

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