Food Empire Holdings Limited (SG:F03) has released an update.
Food Empire Holdings Limited has announced a strategic partnership with Ikhlas Capital through the issuance of $40 million in 5.5% redeemable exchangeable notes by a new special purpose vehicle. This move is aimed at fostering business expansion in Southeast Asia and South Asia without listing the notes on any stock exchange. Investors will have the option to convert these notes into shares of the special purpose vehicle or Food Empire Holdings, depending on agreed terms.
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