Food Empire (SGX:F03) through FEH Empire APAC, entered into a second supplemental agreement to amend the terms of a subscription deal and note conditions with investors, according to a late Monday bourse filing.

Under the new terms, the 5.5% redeemable exchangeable bonds issuance worth $40 million will be reclassified under a fixed-for-fixed accounting classification to reduce earnings volatility.

Shares of the company were up 1% in recent trading.