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JB Foods Ltd. ( (SG:BEW) ) just unveiled an update.
JB Foods Limited has announced the results of its proposed renounceable non-underwritten rights issue, which offered up to 43,314,280 new ordinary shares at S$0.45 per share. The rights issue was oversubscribed, with valid acceptances and excess applications totaling 52,039,691 shares, representing 120.14% of the available shares. This successful rights issue is expected to strengthen the company’s capital base and support its growth initiatives.
More about JB Foods Ltd.
JB Foods Limited is a company incorporated in the Republic of Singapore, operating in the food industry with a focus on producing and distributing food products. The company is part of a group that includes various subsidiaries.
Average Trading Volume: 25,191
Technical Sentiment Signal: Sell
Current Market Cap: S$159.4M
See more data about BEW stock on TipRanks’ Stock Analysis page.