5 stories mentioning SGX:F99
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Fraser and Neave (SGX:F99) bought back 45,000 shares in the open market on Tuesday for SG$64,885, according to a same-day filing with the Singapore Exchange.The food and beverage company has been mandated to buy back nearly 102 million shares. To date, it has bought back nearly 1.2 million shares.
Fraser and Neave's (SGX:F99) subsidiary, F&N Ventures, subscribed to around 26 million shares in New Zealand-listed Manuka honey producer Comvita (NZE:CVT) for NZ$18.8 million, according to a Tuesday filing with the Singapore Exchange.Shares of the food and beverage company were down nearly 1% in Wednesday trading.The transaction was conducted as part of Comvita's recent entitlement offer and is expected to settle formally on May 18.Pursuant to the transaction, F&N Ventures will acquire a 19.99% stake in Comvita, the filing said.
Fraser and Neave's (SGX:F99) attributable profit dropped to SG$81.6 million in the fiscal first half ended March 31, from SG$84.1 million a year earlier, according to a Wednesday filing with the Singapore Exchange.Basic earnings per share stood at SG$0.056 compared with SG$0.058 in the year-ago period.Revenue declined to SG$1.14 billion from SG$1.21 billion a year ago.The food and beverage company declared an interim dividend of SG$0.015 per share, unchanged from a year earlier. The dividend will be paid on June 5.
Singapore shares extended gains on Wednesday, tracking broader regional gains as investor confidence rose backed by the possibility of the US and Iran continuing their dialogue to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,010.14 and 5,038.13 throughout the day. It ended the session at 5,021.20, up 13.63 points or 0.3% compared to Tuesday's close.The US and Iran are seeking another round of talks in the coming days, with US president, Donald Trump, revealing that talks could resume "over the next two days" in Pakistan.On the corporate front, shares of Mary Chia (SGX:5OX) slumped nearly 12% at the close as its subsidiary, Organica International, initiated legal proceedings against Fullink Capital in the General Division of the Singapore High Court.Yangzijiang Maritime Development (SGX:8YZ) close nearly 5% higher as it secured lease agreements covering 13 vessels worth $89.8 million.Meanwhile, Fraser and Neave (SGX:F99) closed over 1% higher with the company outlining plans to invest up to NZ$20.1 million in the fundraising of Comvita (NZE:CVT), a provider of manuka honey and natural health products.
Fraser and Neave (SGX:F99) plans to invest up to NZ$20.1 million in the fundraising of Comvita (NZE:CVT), a provider of manuka honey and natural health products, according to a Wednesday filing with the Singapore Exchange.Under the deal, Fraser and Neave subsidiary F&N Ventures will act as the sole underwriter of Comvita's renounceable entitlement offer to raise around NZ$30 million at NZ$0.65 per share.The investment will give the food and beverage company a shareholding of around 19.99% in Comvita.