Food Empire raises more than $41.7 million via placement of treasury shares at $2.52 each

Food Empire Holdings has raised net proceeds of $41.7 million by placing out 17 million treasury shares at $2.52 each, joining a growing line of SGX-listed companies tapping the capital market for more firepower.

Investors who took up the placement shares include Amova Asset Management, ICH Capital and Lion Global Investors, plus other individual and institutions, says the company on Sept 24.