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StanChart PE takes 'significant' stake in Phoon Huat

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

Singapore

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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