, Singapore

Serial System to acquire stake in Tong Chiang Group for $4.5m

It’s a food manufacturer and caterer.

Serial System has inked a conditional sale and purchase agreement to purchase a 21% stake in Tong Chiang Group, which is in the business of manufacturing food products and food catering.

The stake will be purchased by its subsidiary, as well as by its CEO Derek Goh Bak Heng and its substantial shareholder Derek Goh.

The deal is expected to be completed by August 28.

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