EBARA SINGAPORE PTE. LTD. announced that it expects to receive SGD 5.2 million in funding from Ebara Foods Industry,Inc.
April 13, 2021
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EBARA SINGAPORE PTE. LTD. announced a private placement of common shares for gross proceeds of SGD 5,200,000 on April 14, 2021. The transaction will include participation from returning investor Ebara Foods Industry,Inc. (TSE:2819) to retain its 100% stake in the company. The transaction has been approved in the board of directors meeting of the investor. Post the transaction, the capital of the company will increase from SGD 650,000 to SGD 5,850,000. The transaction is expected to close in June 2021.
EBARA Foods Industry, Inc. is a food manufacturing company. The Food segment is engaged in the manufacture and sale of sauce for various meat, such as barbecued meat sauce and chicken sauce; sauce for stew, such as Korean pickled cabbage hot pot sauce, and sauce for vegetables, such as pickle sauce, as well as the manufacture and sale of other food, including curry flakes, konjac and seaweed salads. The segment also involves in the manufacture and sale of soup, such chicken-bone soup and noodle soup. The others business is engaged in the advertising business, temporary staffing business, the operation of warehousing and cargo transportation businesses.
EBARA FOODS INDUSTRY,INC. 
