Claim 50% Off TipRanks Premium
- 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 ( (SG:F03) ) has shared an update.
Food Empire Holdings Limited has sold 1,000,000 treasury shares at S$2.75 per share via a married deal to a reputable institutional investor, raising approximately S$1.95 million in cash. The transaction, intended to enhance general working capital and shareholder value, reduces the company’s treasury shareholding from 3,117,574 to 2,117,574 shares, bringing treasury stock down from 0.57% to 0.39% of issued ordinary shares, and signals ongoing capital management efforts aimed at supporting operations and potentially improving liquidity in its stock.
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 coffee and snack products marketed across emerging markets. The company operates through various subsidiaries and focuses on building brand presence and consumer reach in its key geographic markets, while actively managing its capital structure as part of its growth strategy.
Average Trading Volume: 1,055,211
Technical Sentiment Signal: Buy
Current Market Cap: S$1.38B
For a thorough assessment of F03 stock, go to TipRanks’ Stock Analysis page.