Sats will partner Japanese trading and investment company Mitsui & Co to develop and grow their respective food and retail solutions businesses.
A wholly owned subsidiary has been established as a holding vehicle through which the two will jointly pursue potential food solutions-related investments, the airport services provider said in a bourse filing on July 18.
As part of the deal, Mitsui will pay about $36.4 million for a 15 per cent stake in the subsidiary, Food Solutions Sapphire Holdings, which will include four of Sats' indirect wholly owned food solutions entities. The amount also accounts for certain loans and bonds related to Sats' food solutions entities.
The deal was made on a willingbuyer, willing-seller basis, taking into consideration the current financial position and future growth prospects of the entities, Sats said.
Denne historien er fra July 20, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 20, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Former players 'worried' about 'keepers situation
Former national football custodians Lionel Lewis and Yakob Hashim have expressed concern over the future of goalkeeping in the country, describing the situation as \"worrying\" and calling for urgent measures to discover and develop new talents for the position.
ONLY WAN NO. 1 FOR THE LIONS
With first-choice goalkeeper Hassan retired, Izwan and Syazwan are vying for his spot
Regrets fuel Hong's 2nd South Korea stint
South Korea coach Hong Myung-bo returns to the international fray on Sept 5, aiming to erase past disappointments and secure a winning start to the third phase of Asia's World Cup qualifiers against Palestine.
Dutch flavour in Indonesia's World Cup quest
Indonesia's challenge for a first World Cup appearance in almost 90 years takes on a distinctly Dutch flavour when Shin Tae-yong's side face Saudi Arabia on Sept 5, hoping to ignite dreams of a long-awaited return to the game's greatest stage.
Leicester win appeal over Premier League's PSR jurisdiction
Leicester City have won an appeal against a decision that could have led to a points deduction for an alleged breach of English Premier League's Profitability and Sustainability Rules (PSR), the club said on Sept 3.
School sports Teamwork key for Rafflesians at chess meet
Raffles Girls' School (RGS) Secondary 4 student Bernadette Kong capped off her final year with a perfect four out of four wins on Sept 4, when she helped the team claim the secondary girls' title at the National Inter-School Team Chess Championships.
WORK ETHIC IS NG'S STRONG SUIT
Cardiff defender dreams of donning Lions jersey; playing in Premier League
SABALENKA IN ENEMY TERRITORY AGAIN
Belarusian jokes she has to buy drinks to get support against American Navarro
Furyk sticks to rankings for Presidents Cup picks
United States captain Jim Furyk followed the form book on Sept 3 with his final wildcard selections for golf's Presidents Cup, rounding out his team based solely on team rankings.
Sleepless Zheng eyes 'prime time' Asian slots
Olympic champion Zheng Qinwen said that her tame US Open quarter-final exit was caused by a sleepless night following the record-setting late finish to her previous match, but predicted that she will be \"prime time\" when she gets back to China.
