Food Empire offloads 1 million shares to boost working capital
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Food Empire Holdings Limited has sold 1 million treasury shares at $2.635 each to an international institutional investor, raising S$1.95 million to enhance working capital and shareholder value. Following the sale, the company's treasury shares decreased from 4,117,574 to 3,117,574, reducing their proportion of total issued ordinary shares from 0.75% to 0.57%.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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