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Malaysian Teo Seng poultry unit takes over BH Fresh Food in Singapore

( April 27, 2015, 09:28 GMT | Insight) -- Teo Seng Capital Bhd.'s unit Premium Egg Products Pte. Ltd., or PEPP, is acquiring loss-making meat processor and wholesaler BH Fresh Food Pte. Ltd., or BHFF, for S$9.8 million ($7.4 million) in cash. According to The Star Online, PEPP had signed a conditi...Teo Seng Capital Bhd.’s unit Premium Egg Products Pte. Ltd., or PEPP, is acquiring loss-making meat processor and wholesaler BH Fresh Food Pte. Ltd., or BHFF, for S$9.8 million ($7.4 million) in cash. According to The Star Online, PEPP had signed a conditional sale and purchase agreement with Oceantrade Foods Pte. Ltd., Loi Teck Heng, Low Sook Cheng and Lee Yee Gee to acquire the entire equity interest in BHFF, which includes a two-story detached factory with cold, freezer and chiller rooms in Singapore. The Teo Seng group, which has been operating in the Singapore market for a decade, will be able to expand its business operations by acquiring the property as a distribution center to cater for the increasing demand for its products in Singapore....

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