Meets with Malaysian Senior Minister
SPC Group announced on April 4 that its top officials discussed investment in Malaysia with visiting Malaysian government officials, including Senior Minister and Minister of International Trade and Industry YB Dato' Seri Mohamed Azmin Ali.
SPC Group president Hwang Jae-bok explained the group’s global business and asked for cooperation on its investment in Malaysia at the meeting at Lotte Hotel in Seoul on April 2.
SPC Group is currently pushing to build production facilities in Malaysia. Its business ideas include launching Paris Baguette bakery shops, sourcing raw materials for SPC GFS and SPC Samlip's local business in Malaysia.
SPC Group is doing business in Vietnam, Cambodia and other Southeast Asian countries with Singapore as its forward. In 2019, it opened four brand stores -- Paris Baguette, Maison de PB, Coffee at Works and Shake Shack -- in a commercial complex building linked to Singapore's Changi Airport. In September of that year, it established a joint venture with a local company in Cambodia and will open its first store in Cambodia in the first half of 2021.