Food Empire Holdings Limited (SG:F03) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
For further insights into SG:F03 stock, check out TipRanks’ Stock Analysis page.