Khong Guan to acquire 30% of shares in plant-based meat alternative company for $1.5 mil

Khong Guan has, on March 22, entered into a shareholders’ agreement with SGProtein to acquire 30% of the latter’s shares for $1.5 million in cash.

The paid-up share capital of SGProtein is expected to be $3.95 million comprising 2.08 million new shares.