NutryFarm Ventures Into Singapore’s Durian Market with Established Singapore E-Commerce Company, Ebuy
Singapore, May 12, 2021 - (ACN Newswire via SEAPRWire.com) - The Board of Directors (the "Board") of NutryFarm International Limited (the "Company', and together with its subsidiaries, the "Group") wishes to announce that Global Agricapital Holdings Pte. Ltd. ("Global Agricapital"), a wholly-owned subsidiary of the Company, had on 11 May 2021 entered into a memorandum of understanding with EBuy Pte Ltd ("Ebuy") to expand its durian business activities in Singapore (the "MOU").Under the MOU, Ebuy will import and distribute pre-packaged durians into Singapore from Malaysia and Thailand on behalf of Global Agricapital, and from the suppliers of Global Agricapital. Global Agricapital will ensure the consistent supply, quality and authenticity of the pre-packaged durians from its suppliers.The parties expect to start the first shipment by 1 June 2021.Established as an e-commerce company in Singapore since 2013, Ebuy is a leading distributor of fresh produce in Singapore, including daily fresh vegetables and fruits, to food service providers, retailers, restaurants and hotels. Ebuy has 13 refrigerated warehouses in 3 locations with 16 trucks.Since December 2020, Nutryfarm has announced v...
