SATS’s food solutions venture building arm says it will be embarking on a series of ventures to drive growth in its non-travel food business.
This will be done in partnership with the Singapore Economic Development Board (EDB) and Singaporean food and beverage (F&B) brands to enable greater scale and internationalization.
In a Nov 10 filing on SGX, SATS announced that it has committed over $3 million with support from EDB to create and pivot new business ventures with strong global potential and the ability to scale.
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