Food Empire Announces $40M Strategic Growth Move

Food Empire Holdings Limited (SG:F03) has released an update.

Food Empire Holdings Limited is set to forge a strategic partnership and issue a Redeable Exchangeable Note worth up to $40 million to Ikhlas Capital, aiming to bolster its Southeast Asian and South Asian business ventures. The collaboration is expected to fuel growth through capital expenditures and mergers and acquisitions, with the additional benefit of Ikhlas Capital’s regional expertise. Shareholders are informed that a definitive agreement should materialize within the next 60 days, subject to further negotiation.

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