Singapore: SunMoon Food sells subsidiary for $4.1m

Singapore: SunMoon Food sells subsidiary for $4.1m

Cityscape of Singapore. Credit:Flickr/Michaela Loheit

Singapore-listed SunMoon Food Company announced Monday that it has entered into a binding conditional termsheet to sell its subsidiary United Agro Produce Pte Ltd (UAPL) and its dehydrated business to Global Food Ingredients Pte Ltd (GFI) for $4.1 million.

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