Food Empire Holdings (FEH) has sold 1 million treasury shares at $2.635 per share to a “reputable” international institutional investor by way of a married deal.
The value of the treasury shares sold is $1.95 million, and FEH will hold 3,117,574 treasury shares after the sale.
The percentage of the number of treasury shares against the total number of ordinary shares outstanding is 0.57% after the sale.
Shares in Food Empire closed 14 cents higher or 5.512% up at $2.68 on Jan 21.
