SINGAPORE - Food and beverage distributor Lim Siang Huat has been doing business in Singapore for 79 years, and currently plans to consolidate operations under a single warehouse, rather than to operate out of three facilities as it does now.
Lim Siang Huat is one of 18 local companies that have been selected for the second run of the programme, said Enterprise Singapore on Thursday . The companies operate in a wide range of industries - manufacturing and engineering, trade and connectivity, as well as lifestyle and consumer sectors. On Thursday, 20 firms participating in the 2½-year Scale-up programme took part in a closed-door dialogue with Trade and Industry Minister Chan Chun Sing.
How to prevent the situation where a company is stuck after they"reach a certain size" and"need to be bought out by bigger partner" is also an issue that companies have to consider, he added.