SunMoon taking 51% stake in China fruit-selling venture
S$3.1m consideration to be paid for through new SunMoon shares at 5.18 cents each
Singapore
SUNMOON Food Company wants a bite of the fruit-selling business in China. It has proposed to acquire a 51 per cent stake in Harvest Season Singapore, having entered into a conditional sale and purchase agreement to acquire 510,000 ordinary shares in the latter.
This will be paid for through an allotment and issuance of 60 million new ordinary shares in the capital of SunMoon to vendor Fresh Fresh; this constitutes approximately 18.82 per cent of SunMoon's…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Middle East violence heightens market fears of rate hikes, inflation
Tokyo's Nikkei drops more than 1,000 points, most in 3 years
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Inside TSMC chairman Mark Liu's short but impactful reign
CSE Global bags US$36.5 million data centre contract extension