Singaporean ground-handling and in-flight catering service provider SATS has announced it will acquire 10% of Taiwanese firm, Evergreen Sky Catering Corporation, from Malaysia Airlines (MH, Kuala Lumpur International).

The transaction, valued at MYR100 million (USD22.3 million), will allow SATS to boost its stake in the firm from its current 15%, a filing with the Singaporean bourse said.

"The Proposed Acquisition is in line with the Company’s strategy of growing the scale of its food business and enhancing its connectivity to better serve its customers across key airports in Asia," it said.

Evergreen Sky Catering Corp. was founded in 1993. The company's line of business includes manufacturing prepared foods and miscellaneous food specialities.