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OTHERS AURO HOLDINGS BERHAD (FORMERLY KNOWN AS NWP HOLDINGS BERHAD) ("AURO" OR THE "COMPANY") - FRANCHISE AGREEMENT ENTERED BETWEEN AURO CAPITAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND HK HEYCHA LIMITED IN RESPECT OF THE HEYTEA STORES LOCATED AT 1 UTAMA

AURO HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
AURO HOLDINGS BERHAD (FORMERLY KNOWN AS NWP HOLDINGS BERHAD) ("AURO" OR THE "COMPANY")

- FRANCHISE AGREEMENT ENTERED BETWEEN AURO CAPITAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND HK HEYCHA LIMITED IN RESPECT OF THE HEYTEA STORES LOCATED AT 1 UTAMA

Reference is made to the announcement dated 29 November 2023, in which the Board of Directors of Auro ("Board") had announced that Auro Capital Sdn. Bhd. ("Auro Capital"), a wholly-owned subsidiary of the Company, had on even date entered into an agreement with HK Heycha Limited ("HK Heycha") (collectively referred to as the "Parties") for the purpose of obtaining the rights to operate the business in the operation of retail stores specialising in fruit tea, coffee, cheezo tea, other hot and cold beverages, packaged snacks and related products under the name "HEYTEA" ("F&B Business") ("Agreement").

 

Further to the above, the Board wishes to announce that Auro Capital had on 16 May 2024 entered into franchise agreement with HK Heycha for the purpose of obtaining the rights to operate the F&B Business in respect of the Heytea stores located at 1 Utama ("Franchise Agreement").

 

Please refer to the attachment for further details.

 

This announcement is dated 16 May 2024.




Please refer attachment below.



Announcement Info

Company Name AURO HOLDINGS BERHAD
Stock Name AURO
Date Announced 16 May 2024
Category General Announcement for PLC
Reference Number GA1-06052024-00075



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