To The Moon

$SATS LTD.(S58.SI)$ Sats Ltd has expanded its presence in China by opening a 21,553.13 sq m central kitchen in Tianjin. The $42.23 million investment in the central kitchen is a move to adapt its customers’ evolving needs and improve the efficiency of large-scale production, the company says in a statement. The facility is located between Beijing and Tianjin and well-served by transportation links, enabling Sats to offer a wide variety of ready-to-eat meals to customers. The Tianjin central kitchen deploys the latest automation and internet of things (IoT) technology to improve operational efficiency as well as uplift the skills of its manpower, all while enabling access to real-time critical information to ensure food quality and safety. For example, the IoT technology enables cooking processes to be pre-programmed and monitored via live dashboards, with alerts automatically triggered in the event of any deviations from cooking timings and temperature settings in pre-set recipes. This ensures strict compliance with high food quality and safety standards. Sats has been operating in China for the past 30 years. It also has central kitchens in Beijing, Kushan and Nanjing as well as a product development and experience centre in Shanghai. “Through the Sats Tianjin central kitchen, we hope to leverage our know-how and capabilities to bring authentic global flavours to the Chinese communities,” says Sats president and CEO Kerry Mok. As at 3.28pm, shares in $SATS LTD.(S58.SI)$ Sats are trading 1 cent lower or 0.36% down at $2.73. @Daily_Discussion @MillionaireTiger @TigerStars @Tiger_chat @CaptainTiger