Food & Beverage

The drawdown period is five years.

The partnership will allow foodpanda users to shop 20,000 grocery items on the platform.

An average Singaporean spends $211 monthly on groceries.

The company said Su HaiJin also did not receive any directors’ fees.

The company eyes using 100% sustainable food packaging by 2030.

This is despite a 3.8% increase in revenue during the period.

The company also put Lim Yong Sim on leave of absence.

In April, F&B sales grew 8.7% YoY.

They will work together on initiatives that build customer loyalty, amongst others.

The CEO faced charges over alleged price rigging.

If convicted, Lim Yong Sim may face a $250,000 fine or 7-year imprisonment.

Utility expenses and staff costs increased.

The former received two bids, whilst the latter got seven.

The company was also not allowed to release its 1Q23 results by 10 August.

The beverage firm said the proposed implementation is discriminatory.

In April, F&B sales grew 15.3% YoY.