Food Empire Holdings Limited has announced the transfer of 350,000 treasury shares from its Share Buyback Account specifically for the purpose of the Employees' Share Option Schemes. This action slightly decreases the company's treasury share holding from 4.562% to 4.493% of the total outstanding ordinary shares. This strategic allocation of shares to employees is intended to potentially boost employee engagement and retention.
Food Empire Holdings Limited is a Singapore-registered company primarily engaged in the food and beverage industry. It specializes in the production and distribution of a diverse range of food products, notably instant beverages and snacks, and boasts a substantial market presence across multiple regions.
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