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JB Foods Ltd. ( (SG:BEW) ) has shared an announcement.
JB Foods Limited has successfully completed its proposed renounceable non-underwritten rights issue, resulting in the issuance of 43,314,280 new ordinary shares. These shares will be listed and quoted on the Main Board of the SGX-ST, increasing the total number of issued shares from 303,199,966 to 346,514,246. This move is expected to enhance the company’s financial flexibility and support its growth initiatives.
More about JB Foods Ltd.
JB Foods Limited is a company incorporated in Singapore, operating in the food industry. The company, along with its subsidiaries, is involved in the production and distribution of food products, with a focus on expanding its market presence.
Average Trading Volume: 24,600
Technical Sentiment Signal: Sell
Current Market Cap: S$155.9M
See more insights into BEW stock on TipRanks’ Stock Analysis page.