Local Franchise Model to Enhance Operational Efficiency and Support Sustainable Growth
SINGAPORE – Media OutReach Newswire – 20 August 2026 - International Housewares Retail Company Limited ("IH Retail" or the "Group", stock code: 1373), the parent company and owner of the "Japan Home" brand in Singapore, is pleased to announce that all "Japan Home" stores in Singapore have resumed operations and are open for business.
Following the completion of the transition arrangements, all relevant stores have reopened on 20 August 2026.
On 13 August 2026, an indirect subsidiary of the Group entered into a three-year master franchise agreement with the Singapore master franchisee, Radha Export Pte. Ltd ("Radha"), the company which is the engine behind the ABC and Valu$ stores in Singapore, and completed the handover of the existing stores on 19 August 2026. The agreement grants the master franchisee the exclusive right to operate the "Japan Home" business in Singapore, including through sub-franchisees, and to establish additional outlets at suitable locations.
Radha combines extensive experience in consumer goods and wholesale distribution with strong local operational expertise and a well-established supply chain network. By leveraging the Radha's local capabilities, the Group expects to enhance store operating efficiency, improve its responsiveness to market demand and maintain strong brand awareness in Singapore. The local franchise model is also expected to support the continued expansion of the "Japan Home" brand's reach and influence in Singapore and across the Southeast Asian market over the next three years.
This strategic restructuring represents an important step in optimizing the Group's regional business structure, improving operational quality and enhancing efficiency. The Group remains confident in the long-term development of the Singapore market and is committed to ensuring customers continue to enjoy shopping at "Japan Home" stores in Singapore.
Hashtag: #JapanHome
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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 20 August 2026 – Olymptrade, a global trading platform, partnered with HOPE Worldwide Malaysia on a charity initiative to support food distribution and healthcare access for low-income families in Kuala Lumpur.
HOPE Worldwide Malaysia is a non-profit organization founded in 2000. It supports urban low-income households and marginalized communities through food assistance, healthcare access and community wellbeing programs across the country.
On August 15, the partners held a food distribution event near the Sentul Free Clinic, handing out 180 care boxes to impoverished families. Each box contained 10 kg of rice, flour, cooking oil, dried noodles, canned food, a choco malt drink, biscuits, potatoes and vegetables.
Olymptrade also contributed to HOPE's Health & Wellbeing Program, which supports both the Sentul Free Clinic of HOPE and mental wellness training for community members.
The Sentul clinic, one of the NGO's major projects, has been offering free, high-quality healthcare to local marginalized communities since 2000, treating more than 80,000 patients, including children and the elderly. Olymptrade's donation will cover two months of the clinic's operations, covering doctors' salaries, medical supplies, program allowances and facility upkeep.
Olymptrade's donation will also fund three months of wellness training for 25 women, led by a qualified mental wellness facilitator. The program is designed to help mothers build emotional resilience, so they're better equipped to support and guide their own children.
This isn't Olymptrade's first charity campaign. The company has run similar missions in other countries where it operates, including Indonesia, Nigeria, Brazil, India and others, partnering with well-known local charities each time.
The Kuala Lumpur campaign follows the same model, pairing immediate relief with a longer-term investment in healthcare and wellness.
Olymptrade sees this combination as key to helping communities not just today, but for years to come. It also hopes the initiative will raise broader awareness of the food security challenges many Malaysian families continue to face.
Hashtag: #Olymptrade
The issuer is solely responsible for the content of this announcement.
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
