Food Empire Holdings Limited ( (SG:F03) ) has provided an announcement.
Food Empire Holdings Limited announced an update on the use of proceeds from its issuance of 5.5% redeemable exchangeable notes, totaling US$40 million, by its subsidiary Empire APAC Pte. Ltd. The company has disbursed US$8.1 million of the proceeds, allocating funds towards expenses related to the issuance and capital expenditures for its operations in Kazakhstan and Vietnam. This allocation aligns with the company’s previously disclosed intentions and highlights its strategic investment in enhancing manufacturing capabilities in these regions.
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 has a market presence in various regions, including Asia, Eastern Europe, and the Middle East.
YTD Price Performance: -0.51%
Average Trading Volume: 280,004
Technical Sentiment Consensus Rating: Hold
Current Market Cap: S$533.5M
See more data about F03 stock on TipRanks’ Stock Analysis page.