OTS managing director Ong Bee Chip (picture, left) observes that increased awareness of environmental and sustainability benefits has been driving plant-based alternatives to become a growing part of consumers’ diet.
Plant-based alternatives can also mitigate concerns of food security, he adds.
“With ANEW, we see an opportunity to participate in the fast-growing plant-based foods market, where we want to be able to meet consumers' expectations so that they can continue to enjoy their favourite food experience with our plant-based products based on our popular recipes,” says Ong.
OTS shares closed June 8 at 20 cents, down 4.88% for the day and 22% down year to date.
