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An announcement from Food Empire Holdings Limited ( (SG:F03) ) is now available.
Food Empire Holdings Limited has sold 1,000,000 treasury shares at S$2.635 per share to a reputable international institutional investor via a married deal, raising approximately S$1.95 million in cash. The transaction, aimed at enhancing general working capital and shareholder value, reduces the company’s treasury shareholding from 4,117,574 to 3,117,574 shares, lowering its treasury stock from 0.75% to 0.57% of issued ordinary shares and marginally increasing the free float available to the market.
The most recent analyst rating on (SG:F03) stock is a Buy with a S$3.00 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 Singapore-listed food and beverage group, best known for its instant beverage products and related consumer goods, with a portfolio distributed across various international markets. The Group operates through multiple subsidiaries and targets both emerging and developed markets via retail and institutional channels.
Average Trading Volume: 1,014,652
Technical Sentiment Signal: Buy
Current Market Cap: S$1.36B
For an in-depth examination of F03 stock, go to TipRanks’ Overview page.