Japfa's majority-owned unit AustAsia Investment Holdings (AIH), has entered into a joint venture with European-based dairy and milk processing company Food Union Group to own and operate a US$200 million (S$281 million) premium milk processing plant in Shandong, China.
AIH will invest up to US$20 million in stages in a 10 per cent stake in the milk processing plant, which will manufacture high value-added dairy products for AustAsia, Food Union
and third-party international food companies.
The plant is expected to start operating in the first quarter of 2017.
Koh Brothers , Heeton Holdings
Sun Plaza in Sembawang, a 50:50 joint venture partnership between Koh Brothers and Heeton Holdings, has completed its $33 million asset enhancement drive.
Additions and alteration works have added 5,772 sq ft to existing lettable space, bringing total net lettable area to about 158,000 sq ft.
Basement 1 of the six-storey mall has been converted into a food street, while Level 4 and Level 5 have been configured into a training hub for educational businesses, including tuition centres.
Sats, Singapore Post
Sats and SingPost are collaborating in the area of e-commerce, where Sats will set up an e-commerce air hub, with SingPost as the anchor customer.
The companies have signed an agreement for Sats to offer airmail consignment handling services to SingPost, they said yesterday.
The new automated facility will be called Sats eCommerce AirHub, a 6,000 sq m facility to be operational by December next year.