Food Empire Sells Treasury Shares to Raise SG$2 Million

MT Newswires

01/23

Food Empire (SGX:F03) sold 1 million treasury shares at SG$2.75 per share to raise nearly SG$2 million by way of a married deal to an institutional investor, according to a Friday filing with the Singapore Exchange.

The sale of shares will help the company generate working capital and improve shareholder value.

Following the sale of the shares, the total treasury shares have decreased to over 2.1 million shares.

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