JB Foods Limited Announces Oversubscribed Rights Issue
TigerNews SG
May 29
JB Foods Limited has announced the results of its proposed renounceable non-underwritten rights issue, which offered up to 43,314,280 new ordinary shares at S$0.45 per share. The rights issue was oversubscribed, with valid acceptances and excess applications totaling 52,039,691 shares, representing 120.14% of the available shares. This successful rights issue is expected to strengthen the company’s capital base and support its growth initiatives.
JB Foods Limited is a company incorporated in the Republic of Singapore, operating in the food industry with a focus on producing and distributing food products. The company is part of a group that includes various subsidiaries.
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