<div class=newsTextDataWrapInner><p>SINGAPORE (June 23): Jumbo Group, better known for its chilli crabs and seafood restuarants, is ramping up its bak kut teh business.</p></div>

<div class=newsTextDataWrapInner><p>Jumbo on Wednesday night confirmed it has increased the issued and paid-up share capital of indirect wholly-owned subsidiary Ng Ah Sio Investments to $100,000 from $100 on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>Ng Ah Sio, which specialises in the Teochew style of peppery bak kut teh, is one of Jumbo’s several F&amp;B concepts including JPOT, Chui Huay Lim Teochew Cuisine, J Café, Yoshimaru, Singapore Seafood Republic and Jumbo Catering.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Jumbo says the consideration was satisfied in cash and funded by internal resources.</p></div>

<div class=newsTextDataWrapInner><p>This share capital increase is not expected to have a material impact on the EPS and NTA per share of the company for FY16.</p></div>

<div class=newsTextDataWrapInner><p>As at 11.40am, shares of Jumbo are up 1.7% to 59 cents.</p></div>


SINGAPORE (June 23): Jumbo Group, better known for its chilli crabs and seafood restuarants, is ramping up its bak kut teh business.

Jumbo on Wednesday night confirmed it has increased the issued and paid-up share capital of indirect wholly-owned subsidiary Ng Ah Sio Investments to $100...

Jumbo gives bak kut teh business a boost

South Korean President Yoon Suk Yeol vowed on Saturday to fight for his political future after he was impeached in a second vote by the opposition-led parliament over his short-lived attempt to impose martial law, a move that had shocked the nation.

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<p>Lembaga Tabung Haji (TH) is expected to start issuing offer letters to selected prospective pilgrims for the 1446H/2025M hajj season starting Monday (Dec 16).</p>


<p>MicroStrategy will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday, following a meteoric surge in the shares of the bitcoin buyer.</p>


<p>The Ministry of Domestic Trade and Cost of Living (KPDN) will reintroduce special zones for the sale of non-subsidised controlled goods in border areas to address leakages.</p>


<p>Moody’s Ratings cut France’s credit grade, heaping pressure on the new government to bring a ballooning deficit under control after far-right leader Marine Le Pen toppled the previous prime minister over a budget dispute.</p>


<p>It should not have come as such a surprise that US voters were largely unmoved by the Democrats’ warnings that Donald Trump poses a grave threat to American institutions. In a January 2024 Gallup <a href="https://news.gallup.com/poll/548120/record-low-satisfied-democracy-working.aspx" target="_blank">poll</a>, only 28% of Americans (a record low) said that they were satisfied with “the way US democracy is working.”</p>
