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JB Foods Ltd. ( (SG:BEW) ) has provided an update.
JB Foods Limited has announced a proposed renounceable non-underwritten rights issue, offering up to 43,314,280 new ordinary shares at S$0.45 each. The Singapore Exchange has granted approval in principle for the listing of these shares, with the company required to disclose the potential undersubscription impact and the shareholdings of key groups if no other shareholders subscribe.
More about JB Foods Ltd.
JB Foods Limited is a company incorporated in Singapore, operating within the food industry. The company, along with its subsidiaries, is involved in the production and distribution of food products.
YTD Price Performance: -6.00%
Average Trading Volume: 25,723
Technical Sentiment Signal: Buy
Current Market Cap: S$142.5M
For an in-depth examination of BEW stock, go to TipRanks’ Stock Analysis page.