Cocoa manufacturer JB Foods issues surcharge shares and raises RMB 19 million as working capital

According to the results of the share sale, it will issue approximately 34.59 million surcharges to shareholders who make irrevocable commitments, and the shares controlled by JB Cocoa will therefore be 46.63%, while the shares controlled by the fir...


According to the results of the share sale, it will issue approximately 34.59 million surcharges to shareholders who make irrevocable commitments, and the shares controlled by JB Cocoa will therefore be 46.63%, while the shares controlled by the first group (Tee Yih Jia Food Manufacturing Pte Ltd) will be 28.28%.

JB Foods' share price remained flat at 0.45 yuan on Thursday.

The SGX main board listed company announced on Thursday (May 29) that it issued 43.31 million surcharge shares at a price of RMB 0.45 per share, raising a total of RMB 19.4 million in net funds.

Cocoa raw material product manufacturer JB Foods raised 19.4 million yuan in net funds from the issuance of surcharge shares, which will be used as general working capital.



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