Latest news with #NorthpointCity
Malay Mail
2 days ago
- Business
- Malay Mail
Singapore eatery Yun Hai Yao charged over ByteDance food poisoning in 2024; live cockroaches, toxin-producing bacteria found
SINGAPORE, June 4 — Chinese eatery chain Yun Hai Yao has been charged in court over a mass food poisoning incident at ByteDance's Singapore office in 2024 that affected 169 people. The company, also known locally as Yun Nans, faces two charges under the Sale of Food Act and the Environmental Public Health (Food Hygiene) Regulations, according to court documents, The Straits Times reported today. The Singapore Food Agency (SFA) alleges that a chicken dish catered by the company for ByteDance's office at One Raffles Quay on July 30, 2024, was contaminated with harmful bacteria. The dish reportedly contained coagulase-positive Staphylococcus aureus with genes for Staphylococcus Enterotoxin A, a toxin-producing bacterium that can cause food poisoning when hygiene standards are not maintained during food preparation. Symptoms from exposure to the toxin include sudden nausea, vomiting, stomach cramps, and diarrhoea. Court documents also state that over 10 live cockroaches were found at Yun Hai Yao's outlet in Northpoint City the following day, hidden beneath a folded plastic mat behind a rack. A prosecutor from SFA told the court they are seeking a total fine of S$5,000 (RM16,500) for the two charges. Yun Hai Yao's CEO, Lu Zhi Tao, appeared in court on behalf of the company and said they intend to plead guilty without legal representation. The case has been scheduled for a guilty plea on July 2. Yun Hai Yao and another caterer, Pu Tien Services, were suspended by SFA from July 31, 2024, following the outbreak, which led to 17 hospitalisations. Pu Tien Services resumed operations on August 10, while Yun Hai Yao's suspension was lifted six days later after it completed necessary sanitation measures.
Forbes
25-03-2025
- Business
- Forbes
Thai Billionaire's Frasers Centrepoint Buying Rest Of Singapore Mall For $873 Million
Frasers Centrepoint Trust—a REIT controlled by Thai beer-to-property billionaire Charoen Sirivadhanabhakdi's Frasers Property—is taking full ownership of the Northpoint City shopping complex in the northern Singapore town of Yishun by buying part of the mall for S$1.2 billion ($873 million) from its parent. Under the deal, the Singapore-listed REIT will buy the south wing of Northpoint City from companies linked to Charoen, according to a statement late Monday. 'With the acquisition, Frasers Centrepoint will have 100% ownership of both north wing and south wing that together form Northpoint City,' Richard Ng, CEO of the Frasers Centrepoint Asset Management said in the statement. 'With full control, Frasers Centrepoint will be able to implement holistic asset enhancement initiatives and tenant mix strategies to unlock further value across both wings.' With net lettable space of over 531,000 square feet, Northpoint City is the largest shopping mall in northern Singapore and is part of an integrated mixed use property comprising the 920-unit North Park Residences on top of the retail podium that's linked to Yishun transport hub. Frasers Centrepoint will fund the acquisition by raising up to S$600 million through a share sale as well as debt financing. The funding structure will be finalized at the appropriate time, taking into consideration factors such as market conditions and the REIT's aggregate leverage, it added. Charoen has an estimated net worth of $11.5 billion according to Forbes' real-time data. Besides his controlling stake in Frasers Property, he also has interests in Chang Beer maker Thai Beverages as well as hotel developer Asset World.
