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Food Revolution Group Ltd. ( (AU:SPG) ) has provided an update.
SPC Global Holdings has issued 500,000 fully paid ordinary shares to Nature One Dairy (Australia) Pte Ltd as deferred consideration for its previously announced acquisition of Nature One’s powdered milk business. The company confirmed the shares were issued without a prospectus under the Corporations Act’s cleansing provisions and that it remains compliant with its continuous disclosure and reporting obligations, with no excluded information, thereby facilitating secondary trading of the new securities and reinforcing the strategic expansion of its powdered milk segment.
The transaction aligns with SPC Global’s push to broaden its nutritional product range and grow both domestically and internationally, integrating the powdered milk business into its wider portfolio of consumer and food-service offerings. By formalising this equity-based component of the acquisition, SPC Global deepens its relationship with Nature One and strengthens its positioning in higher-value dairy and wellness categories within the competitive food and beverage market.
The most recent analyst rating on (AU:SPG) stock is a Buy with a A$0.85 price target. To see the full list of analyst forecasts on Food Revolution Group Ltd. stock, see the AU:SPG Stock Forecast page.
More about Food Revolution Group Ltd.
SPC Global Holdings is a diversified food and beverage group with operations in Australia and Asia, focusing on nourishment and wellness products for global consumers. Its portfolio spans packaged fruit and tomatoes, baked beans and spaghetti, ready-made meals, beverages, juice and wellness shots, powdered milk products, and vegetable and fruit supplies to the food service industry, supported by around 800 employees and a strong agricultural heritage.
Average Trading Volume: 90,599
Technical Sentiment Signal: Sell
Current Market Cap: A$79.12M
For a thorough assessment of SPG stock, go to TipRanks’ Stock Analysis page.