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Food Empire Holdings Limited ( (SG:F03) ) has issued an update.
Food Empire Holdings Limited has entered into a second supplemental agreement to amend the terms of its 5.5% redeemable exchangeable notes issuance, aiming to reclassify the notes under a ‘fixed-for-fixed’ accounting classification. This change is intended to align the accounting treatment with the economic substance of the notes, reducing earnings volatility and better representing the company’s operational and financial performance. An independent financial adviser confirmed that these amendments do not confer any advantage to the note holders.
The most recent analyst rating on (SG:F03) stock is a Buy with a S$1.20 price target. To see the full list of analyst forecasts on Food Empire Holdings Limited stock, see the SG:F03 Stock Forecast page.
More about Food Empire Holdings Limited
Food Empire Holdings Limited is a company incorporated in Singapore, operating in the food and beverage industry. It is known for its production and distribution of instant beverage products, frozen convenience food, and snacks, with a market focus on emerging markets.
Average Trading Volume: 742,904
Technical Sentiment Signal: Buy
Current Market Cap: S$1.03B
See more data about F03 stock on TipRanks’ Stock Analysis page.