Food Empire Transfers Treasury Shares for Employee Incentives

The latest announcement is out from Food Empire Holdings Limited ( (SG:F03) ).

Food Empire Holdings Limited has announced the transfer of 60,000 treasury shares as part of its Employees’ Share Option Schemes. This transfer slightly reduces the company’s treasury shares, impacting the percentage of treasury shares against total outstanding ordinary shares, which decreased from 4.162% to 4.150%. This move reflects the company’s ongoing commitment to incentivize its employees, potentially enhancing employee engagement and aligning their interests with those of shareholders.

The most recent analyst rating on (SG:F03) stock is a Buy with a S$1.95 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 operates in the food and beverage industry, focusing on the production and distribution of instant beverage products, frozen convenience food, and snack food. The company is known for its extensive market presence in emerging markets, particularly in Eastern Europe, Russia, and Asia.

Average Trading Volume: 884,662

Technical Sentiment Signal: Buy

Current Market Cap: S$985.7M

See more insights into F03 stock on TipRanks’ Stock Analysis page.