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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.