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StanChart PE takes 'significant' stake in Phoon Huat

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Published Mon, Jul 4, 2016 · 09:50 PM

    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 Huat Pte Ltd, both companies said in a press release on Monday.

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