SUBSCRIBERS
Alibaba-linked online grocer buys SunMoon stake
Published Fri, Oct 7, 2016 · 09:50 PM
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Singapore
SUNMOON Food Company, a fresh food distributor, on Friday said it will place out S$15 million in new shares to Shanghai Yiguo E-Commerce, a Chinese fresh food retailer with a "strategic partnership" with Alibaba.
Following the placement, the investor will hold about 51.1 per cent of the enlarged share …
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