JB Foods Raises Over SG$19 Million From Rights Issue

MT Newswires

2025/05/30

JB Foods (SGX:BEW) received valid acceptances and excess applications for 52,039,691 shares from the rights issue, according to a filing with the Singapore Exchange on Thursday.

Earlier, the company had proposed a renounceable non-underwritten rights issue of up to 43,314,280 shares at an issue price of SG$0.45 per share.

A total of 43,314,280 shares will be allotted and issued on or about May 30, the filing added.

Net proceeds of around SG$19.4 million from the rights issue will be used for general working capital purposes.

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