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The latest announcement is out from Food Empire Holdings Limited ( (SG:F03) ).
Food Empire Holdings Limited has provided an update on the use of proceeds from its issuance of 5.5% redeemable exchangeable notes, totaling US$40 million, through its subsidiary Empire APAC Pte. Ltd. The company has disbursed US$14.8 million of the proceeds, with expenditures including US$5 million for capital expenditure in Kazakhstan and US$8.4 million in Vietnam, aligning with previously disclosed intentions. Further announcements will be made as additional funds are allocated.
The most recent analyst rating on (SG:F03) stock is a Buy with a S$1.20 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 operating in the food and beverage industry, primarily focusing on manufacturing and distributing instant beverage products, frozen convenience food, and snack food. The company has a market presence in various regions, including Asia and Eastern Europe.
Average Trading Volume: 788,604
Technical Sentiment Signal: Buy
Current Market Cap: S$1.3B
See more insights into F03 stock on TipRanks’ Stock Analysis page.