SINGAPORE (Yosefardi) – QAF Limited, controlled by Salim Group, has incorporated a subsidiary in Malaysia, namely Farmland Bakery (M) Sdn Bhd held under its wholly owned subsidiary, Bonjour Bakery (S) Pte Ltd.
The subsidiary aims to setting up a food and bakery related manufacturing plant in future.
Farmland Bakery is wholly owned by Bonjour Bakery with an authorised capital of RM2 million with a paid up capital of RM2 to date.
QAF Limited has also incorporated a wholly foreign-owned corporation in the People’s Re
public of China, namely Benfood International Trade (Shanghai) Co., Ltd for the purpose of wholesaling, import and export of goods particularly food related items in China.
Benfood Shanghai is approved by the relevant authority in China with a registered capital
of US$1.02 million to be paid up within 2 years from the incorporation date effective 27 February 2014.