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Reborn Coffee Ramps Up Southeast Asia Expansion Efforts; Forms JV With COLLECTIVE Wholesale Distribution Network

Reborn Coffee Ramps Up Southeast Asia Expansion Efforts; Forms JV With COLLECTIVE Wholesale Distribution Network

Reborn Coffee 加大东南亚扩张力度;与 COLLECTIVE 批发分销网络成立合资公司
Benzinga Real-time News ·  2023/01/19 11:52
  • Reborn Coffee Inc (NASDAQ:REBN) has signed a Memorandum of Understanding with COLLECTIVE PROJECT SDN BHD to establish an equity joint venture to expand and develop its coffee brand throughout Southeast Asia.
  • COLLECTIVE owns and operates a wholesale distribution network with various specialty cafes in Malaysia. COLLECTIVE has been sourcing, roasting and distributing specialty coffees for over 7 years to cafes throughout Malaysia.
  • "We have found an ideal partner with COLLECTIVE and its founder Barrie Nasim to launch our brand into the Southeast Asian market," said Jay Kim, CEO of Reborn.
  • "We will work together to bring the new Reborn Coffee Malaysia Sdn Bhd, incorporated in Malaysia, to engage high profile real estate agents and identify potential strategic locations to open Reborn branded outlets in Singapore and Jakarta," added Kim.
  • Reborn said it has also identified profitable companies with synergy for potential acquisition in Malaysia and Jakarta to contribute to its earnings.
  • Price Action: REBN shares are trading higher by 3.66% at $1.27 on the last check Thursday.
  • 重生咖啡公司 纳斯达克股票代码:REBN)已与COLLECTIVE PROJECT SDN BHD签署了谅解备忘录,以成立一家股权合资企业,在整个东南亚扩大和发展其咖啡品牌。
  • COLLECTIVE 拥有并经营一个批发分销网络,在马来西亚拥有各种特色咖啡馆。COLLECTIVE 在马来西亚各地的咖啡馆采购、烘焙和分销特色咖啡已有 7 年多了。
  • Reborn首席执行官杰伊·金说:“我们已经与COLLECTIVE及其创始人巴里·纳西姆找到了理想的合作伙伴,将我们的品牌推向东南亚市场。”
  • 金补充说:“我们将共同努力,组建在马来西亚注册的新Reborn Coffee Malaysia Sdn Bhd,聘请知名房地产经纪人,并确定在新加坡和雅加达开设Reborn品牌门店的潜在战略地点。”
  • Reborn表示,它还找到了具有协同效应的盈利公司,这些公司可能在马来西亚和雅加达进行收购,为其收益做出贡献。
  • 价格走势:周四的最后一张支票显示,REBN股价上涨了3.66%,至1.27美元。
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