The coffee chain operator, which was delisted from Bursa Malaysia in April 2018, also denied that the closure of its licensed OldTown cafes in China was related to a trademark dispute.“This remains a contractual matter only, “ it said in a statement.
PETALING JAYA: The controversy surrounding OldTown Bhd has turned murkier, with one of its franchisees in China calling out the homegrown coffeemaker to take responsibility for its losses.
The franchisee, Jiangsu G&L Food & Beverage Management Co Ltd (G&L), has also insisted that OldTown’s indirect wholly-owned Shenzhen Kopitiam Asia Pacific Ltd – the franchisor – be investigated for contract fraud.
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