These transactions came just days after Food Empire released its quarterly results for 3QFY2019 on Nov 11, with marked improvements across key financial metrics.
SINGAPORE (Nov 25): On Nov 13, Food Empire Holdings CEO Sudeep Nair purchased some 1.34 million shares in Food Empire through his nominee, DBSN Services, for a total consideration of $750,658, or 56 cents a share. On Nov 15, Nair acquired another 230,800 shares through DBSN Services for $138,226, or 59.9 cents a share.
Following these two purchases, Nair’s stake in the company, which sells foodstuff such as instant coffee, increased to 11.33%, from 10.84% prior to the transactions.
