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Vietnam Vinh Hoan invests in Singapore Cell Meat Project

 Last Update: 2021-08-04
 Source: Internet
 Author: User

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Vietnam Vinh Hoan invested in the Singapore Cell Meat Project
.

Singapore cell meat developer Shiok Meats recently received bridge financing from Vietnam Vinh Hoan (Yonghuan), South Korean food companies Woowa Brothers Asia Holdings and CJ CheilJedang, as well as some existing investors, totaling US$30 million
.

The funds will be used for the cell meat production facility invested by Shiok in Singapore
.

Sandhya Sriram, co-founder and CEO of Shiok, stated: "The next 12-18 months will enter a critical period.
This funding will promote our research and development work and establish a state-of-the-art production facility in Singapore
.
We will expand our operations and cooperation.
Scope, and is committed to replacing vertical or horizontal integration in the protein industry
.
"

　　The funds will be used for the cell meat production facility invested by Shiok in Singapore
.

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