GS Holdings (SGX:43A) agreed to sell its shares in Hawkerway to WEI Global for around SG$650,000, according to a Wednesday filing with the Singapore Exchange.
Shares of the food and beverage company were down nearly 2% in Thursday trading.
Following the completion of the transaction, the company will exit the business of developing and managing new and existing food beverage brands.
Hawkerway and its subsidiaries operate food courts and food centers.
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