Corporate digest
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Sunmoon Food Company
SUNMOON Food Company, a fresh food distributor, has agreed to place out S$15 million of new shares and another S$9 million of warrants to Chinese online shopping group Shanghai Yiguo E-Commerce.
The firm said the S$23 million in net proceeds will provide it with sufficient working capital to ensure business continuity, as it sells investments related to its discontinued dehydrated produce business and shifts towards an asset-light consumer-centric business model.
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