Food Empire raises 42.8 million Singapore dollars via treasury share placement

SGX Filings
Sep 24

Food Empire Holdings Limited announced on Sep, 24 2025 that it has secured approximately 42.8 million Singapore dollars in gross proceeds (41.7 million Singapore dollars net) through the placement of 17.0 million treasury shares at 2.52 Singapore dollars per share.

The placement price represents a discount of about 5.38 % to the 23 Sep, 23 2025 volume-weighted average price of 2.6634 Singapore dollars and a 3.27 % premium to the 30-day volume-weighted average price. Following the issuance, the company’s issued share capital excluding treasury shares rose from 529,847,125 to 546,847,125 shares.

CGS International Securities Singapore Pte Ltd acted as placement agent and UOB Kay Hian Pte Ltd as sub-placement agent. Investors participating in the transaction included Amova Asset Management, ICH Capital and Lion Global Investors Limited.

Food Empire intends to use the proceeds to pursue growth opportunities, optimise its balance sheet and strengthen long-term investor confidence. The sale monetised treasury shares previously repurchased at a net weighted average cost of 0.90 Singapore dollars per share.

The group’s current pipeline includes a coffee-mix manufacturing facility in Kazakhstan by end-2025, an expansion of its soluble coffee plant in India by 2027 and a new freeze-dried soluble coffee facility in Vietnam by 2028.

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