Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Food Empire Holdings Limited ( (SG:F03) ) has issued an announcement.
Food Empire Holdings Limited has announced the sale of 17,000,000 treasury shares through its placement agent, CGS International Securities Singapore Pte. Ltd., and sub-placement agent, UOB-Kay Hian Holdings Limited. The sale aims to increase the liquidity of the company’s shares, enhance free float, and broaden the institutional investor base. This strategic move is expected to optimize the company’s balance sheet and reinforce long-term investor confidence, positioning the group for future growth opportunities.
The most recent analyst rating on (SG:F03) stock is a Buy with a S$3.09 price target. To see the full list of analyst forecasts on Food Empire Holdings Limited stock, see the SG:F03 Stock Forecast page.
More about Food Empire Holdings Limited
Food Empire Holdings Limited is a company that operates in the food and beverage industry, focusing on the production and distribution of instant beverages, frozen convenience food, and snack products. The company has a significant market presence in various regions, including Asia, Eastern Europe, and the Middle East.
Average Trading Volume: 1,011,704
Technical Sentiment Signal: Buy
Current Market Cap: S$1.45B
For a thorough assessment of F03 stock, go to TipRanks’ Stock Analysis page.