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Pig farmer's sons become billionaire grocers in pandemic's wake

Bloomberg
Bloomberg4/16/2020 12:25 PM GMT+08  • 4 min read
Pig farmer's sons become billionaire grocers in pandemic's wake
Shares in Sheng Siong Group have rallied more than 30% since a March 19 closing low as supermarkets become the preferred place to shop following the partial lockdown imposed by the government.
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SINGAPORE (Apr 16): Lim Hock Chee and his wife used to sell chilled pork at a rented stall in a grocery store.

Now, after more than 35 years, his family operates 61 supermarkets across Singapore and has joined the ranks of billionaires.

Shares of their Sheng Siong Group Ltd, which competes with Amazon.com Inc. in the city-state, rose to a record Wednesday as supermarkets have become the preferred place to shop after the government imposed a partial lockdown to contain the coronavirus pandemic. The stock has rallied more than 30% since a March 19 closing low.

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