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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

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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.

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...

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