Here are some highlights and updates from a smattering of blue-chip companies, REITs and smaller businesses.
SATS Ltd (SGX: S58)
SATS announced that Foodflix, its brand accelerator arm that invests in different brand ventures, has collaborated with a variety of local hawkers and food and beverage (F&B) brands to help them internationalise.
It’s a win-win deal as the local hawkers can enter new markets while SATS can expand its portfolio of branded food solutions.
During its recent Capital Markets Day, the ground handler set a goal of increasing its food solutions business to 60% of its revenue by fiscal 2025.
Some of the brands that SATS is working with include Boon Tong Kee chicken rice, Song Fa Bak Kut Teh, the Killiney Group, and Ponggol Nasi Lemak.
Under the arrangement, SATS provides culinary consultation and product innovation opportunities to brand owners and enables them to increase their channels for customers to try out their food....