SATS (SG:S58) has released an update.
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SATS Ltd. is shifting the development of its SATS Food Hub (SFH) to a new location due to escalating costs and supply chain disruptions, having terminated its original 30-year lease with JTC Corporation. The company remains committed to establishing the SFH in Singapore to address the rising demand for non-aviation food solutions with a focus on sustainability and innovation. This move is not expected to materially impact SATS Group’s net tangible assets or earnings per share for the financial year ending 31 March 2025.
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