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Food Empire and Japan Foods work up a bigger appetite for buybacks

The Edge Singapore
The Edge Singapore • 4 min read
Food Empire and Japan Foods work up a bigger appetite for buybacks
Food Empire’s products such as instant coffee has seen sales surge even after war broke out between Russia and Ukraine / Photo: Albert Chua
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Food Empire Holdings (SGX:F03) has been buying back shares actively. The company was most active on May 30 when it acquired 200,000 shares at $1.011 each. This brings the total number of shares bought back under the current mandate to 1.27 million, equivalent to 0.2386% of the total share base.

Food Empire, which produces instant beverages and snacks for emerging markets, also bought back shares on six days between May 17 and May 29.

With the exception of May 18 when the company bought back 70,000 shares, Food Empire bought back 200,000 shares on each of the remaining days, paying between $1.02 and $1.044 for each share.

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