- We continue to like Food Empire for its longer term growth prospects, driven by capacity expansion. We believe its latest round of fund raising will enable it to have more cash resources to drive growth via capacity expansion, brand investment initiatives, and possible acquisitions.
Raises S$42m via share placement.
- - Read this at SGinvestors.io -
- The placement will help to broaden institutional investor base and the additional funding will enable Food Empire to pursue growth opportunities, optimise its balance sheet and reinforce long-term investor confidence. It also helps to monetise its treasury shares, which were bought back from the open market at a net weighted average cost of S$0.901.
- - Read this at SGinvestors.io -
Growth driven by higher capacity.
- Read more at SGinvestors.io.















