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StanChart PE takes 'significant' stake in Phoon Huat

Phoon Huat provides baking ingredients under brands that include Redman to restaurants and hotels.


STANDARD Chartered Private Equity (SCPE) has invested in another Singapore food and beverage player, a year after it ploughed US$52 million into Crystal Jade Group Holdings.

It is now taking a "significant stake" in branded food ingredients wholesaler and retailer Phoon

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