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
JB Foods Ltd. ( (SG:BEW) ) has issued an update.
JB Foods Limited has announced that it has fully utilised the S$19.4 million in net proceeds raised from its recent rights issue, deploying the funds entirely for general working capital. The capital was used specifically to pay the Group’s cocoa bean suppliers, and management stated that this allocation is consistent with the intended use previously communicated to investors, signalling that the rights issue has directly supported the company’s ongoing procurement activities and liquidity needs.
More about JB Foods Ltd.
JB Foods Limited is a Singapore-incorporated company operating in the food ingredients sector, with a core business that includes sourcing cocoa beans and supplying cocoa-based products to global customers. The Group’s operations rely heavily on securing raw materials from bean suppliers, underscoring its role in the broader cocoa and food manufacturing supply chain.
Average Trading Volume: 210,103
Technical Sentiment Signal: Buy
Current Market Cap: S$240.8M
Find detailed analytics on BEW stock on TipRanks’ Stock Analysis page.