Stock Track | DFI Retail Group Soars 3.56% Following S$125 Million Divestment of Singapore Food Business
DFI Retail Group saw its stock price surge by 3.56% in intraday trading on Monday, following the announcement of a significant business restructuring. The company revealed plans to divest its Singapore food business to South-east Asian retail conglomerate Macrovalue for S$125 million, subject to adjustments.Scott Price, group chief executive of DFI Retail Group, emphasized the importance of leveraging scale and operational efficiencies in the current environment of rising food costs and inflat