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Food Empire Holdings Limited ( (SG:F03) ) has shared an update.
Food Empire Holdings Limited has announced the transfer of 1,682,500 treasury shares from its Share Buyback Account to fulfill obligations under its Employees’ Share Option Schemes. This transfer reduces the company’s treasury shares from 3,845,374 to 2,162,874, which represents a decrease in the percentage of treasury shares against the total number of ordinary shares outstanding from 0.704% to 0.395%. The value of the transferred shares is S$2,092,734.24. This move is likely aimed at incentivizing employees and aligning their interests with the company’s performance, potentially impacting employee satisfaction and retention positively.
The most recent analyst rating on (SG:F03) stock is a Buy with a S$3.18 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 company involved in the food and beverage industry, focusing on the production and distribution of instant beverage products, frozen convenience food, and confectionery. The company operates globally, catering to a diverse market with a strong emphasis on emerging markets.
Average Trading Volume: 1,460,369
Technical Sentiment Signal: Buy
Current Market Cap: S$1.35B
Learn more about F03 stock on TipRanks’ Stock Analysis page.