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Chew's Group shares down 3 cents on news of thunderstorm damage

Samantha Chiew Published on Mon, Apr 02, 2018 / 9:08 AM GMT+8

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SINGAPORE (Apr 2): Shares in Chew’s Group are trading 3 cents or 5.4% lower at 53 cents after the group said a heavy thunderstorm on Mar 30 caused extensive damage to the farm owned by its wholly-owned subsidiary, Chew’s Agriculture.

Chew’s Agriculture is the operating entity for the group’s business of producing and selling generic and designer eggs, liquid eggs, trading of spent grains, and food processing.

The group says the thunderstorm damaged 13 of its chicken sheds, which house the breeder and white egg layers chickens, as well as the egg production cum warehouse building, where the egg grader machine used for the sorting and packing of eggs is housed.