Food Empire Holdings Limited announced on Feb, 25 2026 that it has allocated part of the funds raised from its earlier US$40.00 million issue of 5.5% redeemable exchangeable notes and the placement of 17.0 million treasury shares, which generated 42.84 million Singapore dollars in gross proceeds.

For the note issue, the company has spent US$19.1 million: US$1.4 million on issuance expenses, US$5.0 million on capital expenditure for Empire Manufacturing Kazakhstan LLP, and US$12.7 million on capital expenditure for Indus Coffee (Vietnam) Co., Ltd.

From the treasury share placement, Food Empire has used 1.0 million Singapore dollars to cover placement expenses.

The company said it will provide further updates when the remaining proceeds are materially disbursed.