QAF Ltd. plans to invest some SGD 21.5 million to expand its bread production and distribution business in the Philippines to meet the growing demand there. The company has proposed to spin-off and transfer the existing bread manufacturing plant in Cebu to a newly-incorporated group and to set up a new plant in Mindanao. QAF has also proposed to acquire a plot of land in Luzon to set up a new bread manufacturing plant in future.