21 October 2020
MyNews Holdings Bhd, which operates about 570 MyNews outlets, plans to open CU convenience stores from South Korea.
Early 2021 launch
The licensing agreement with CU’s owner, BGF Retail Co Ltd, is for 10 years with an additional 10-year renewal term. The group will open 30 to 50 CU stores in Klang Valley next year to monitor their performance. MyNews will be spending US$7.2m to US$9.6m in c...