Singapore company briefs on Monday, 17 January 2022: Natural Cool Holdings and Food Empire Holdings.
Natural Cool Holdings
Natural Cool Holdings has entered a deal to acquire 51 percent of iFocus from Ng Choon Tiong and Kuo Wen Siang for S$3.06 million in a move to integrate technology into its operations, pivot away from labor-intensive services and enter a green and sustainable technology market, the company said in a filing to SGX Monday.
IFocus is a communications product development and engineering company, with experience in developing train-borne communications systems, estate-monitoring systems and Internet of Things application design and manufacturing, the filing said.
Food Empire Holdings
Food Empire Holdings said Monday its associate company, PFV, has increased its share capital by issuing new shares to third-party investors, a move which diluted the stake held by EpiQ Food Services, a wholly owned subsidiary of Food Empire, to 33.13 percent from 34.5 percent previously.
The company is a food and beverage maker, with products including instant beverages, frozen convenience food and snack food. Its brands include Kracks potato chips, Orien Bites frozen finger food, Bolt malt drink and three-in-one instant coffee brands CafeRite and Petrovskaya Sloboda.