Food Empire, Capital A to Launch New Range of Beverages; Food Empire Shares Up 4%

MT Newswires

07/18

Food Empire (SGX:F03) and Capital A (KLSE:5099), through their respective subsidiaries, Empire International and Santan Food Services, entered into a strategic partnership to develop and launch a new range of ready-to-drink beverages.

Shares of Food Empire were up over 4% in recent trading, while Capital A shares were up nearly 2%.

The two companies will start with a Vietnamese iced coffee product, according to a late Thursday filing with the Singapore Exchange.

The initial product rollout will span in-flight on AirAsia and on-ground zones.

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