Food Empire Raises $40M for Asia Expansion
Company Announcements

Food Empire Raises $40M for Asia Expansion

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

Food Empire Holdings Limited has successfully closed a $40 million issuance of 5.5% redeemable exchangeable notes, aiming to bolster its organic growth in Asia and Southeast Asia. The net proceeds will support expansion plans in regions including Vietnam and Kazakhstan. Additionally, the board has appointed Kenny Kim as an adviser, bringing his expertise from Ikhlas Capital to the company.

For further insights into SG:F03 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskFood Empire’s $40 Million Note Issuance Plan
TipRanks Singapore Auto-Generated NewsdeskFood Empire Shines at International ARC Awards
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App