FURA HOLDINGS has entered into a partnership agreement with China’s SINOPHARM GROUP via its subsidiaries of Singapore Agritech and Fongze Pharmaceutical, to tackle global food security. A signing ceremony was held at Tribe Hotel Post Office Square in Phnom Penh, Cambodia on Monday, 15 April 2024.

The representative signatories from FURA HOLDINGS include Chief Investment Officer, Mr Ly Senleap, Singapore Agritech CEO Mr Yeo Kian Peng, and SINOPHARM GROUP’s.

FURA and SINOPHARM are collaborating to establish SINOPHARM Singapore, an entity which will secure purchase orders, undertake produce processing, and distribute food and medical products across borders to countries in Asia, the Middle East and Europe.

The partnership will result in the development of an industrial park for crop processing into products, an autonomous sea port, smart warehousing facilities, and land bank-farming operations. Medicinal crops to be grown include black pepper, betel nut, yellow berry, black sesame, and cardamon. Other crops are rice, cashew nut, cassava, and elephant grass.