Corporate digest
SunMoon Food Company
THE fruit distributor on Tuesday said its wholly-owned subsidiary has received a statutory demand on Nov 29 from Japanese food supplier Wismettac Foods, which is seeking payment of US$1.2 million within 21 days from the date the demand was served.
If SunMoon Distribution & Trading fails to comply with the demand, or compound the outstanding sum owed within reasonable satisfaction, Wismettac will apply for a winding-up order against the company.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself