RJR Selling Chun King Unit: RJR Nabisco...

RJR Selling Chun King Unit: RJR Nabisco said it will sell its Chun King food division for $52 million to a group of investors from Singapore. The sale is part of Nabisco’s continuing effort to reduce debt from its $24.5-billion buyout by Kohlberg Kravis Roberts & Co. The operations being sold include the Chun King trademark and production facilities in Cambridge, Md.; Windsor, Ontario, and St. Therese, Quebec, to a joint venture based in Singapore. The Chun King line of frozen foods was sold to Conagra Inc. in 1986. Yeo Hiap Seng Ltd. and Fullerton Holdings Ltd., a unit of Temasek Holdings Ltd., make up the group buying Chun King.