Corporate digest

SATS

IN-FLIGHT catering services provider SATS has divested its 51 per cent stake in its indirect unit Food and Allied Support Services Corporation (FASSCO) to Planet Foods for S$1.02 million. FASSCO is a joint venture (JV) between SATS subsidiary SATS Investment and Planet Foods, which owns a 49 per cent stake. The United Arab Emirates-based FASSCO specialises in healthcare food and nutrition, remote site catering and integrated facilities management. Following the divestment, FASSCO will no longer be a subsidiary of SATS Investment.

Sembcorp Industries