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SunMoon Food to divest China assets; responds to concerns raised by SIAS

Tuesday, November 15, 2016 - 05:50

40231852 - 18_10_2016 - Gary Loh.jpg
Gary Loh, CEO of Sunmoon Food Company. Singapore-listed SunMoon Food Company has entered into an agreement to sell its subsidiary, United Agro Produce Pte Ltd (UAPL), and its dehydrated-produce business for S$4.1 million to Global Food Ingredients Pte Ltd (GFI).

Singapore

SINGAPORE-LISTED SunMoon Food Company has entered into an agreement to sell its subsidiary, United Agro Produce Pte Ltd (UAPL), and its dehydrated-produce business for S$4.1 million to Global Food Ingredients Pte Ltd (GFI).

The agreement also involves the sale of UAPL's

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