Australia's F.F.I. Holdings slips on discounted entitlement offer

FFI Holdings

20/05/2025 05:33

** Shares of F.F.I. Holdings FFI.AX fall 4.4% to A$3.87, set for weakest trading session since early April

** Stock hits lowest level since April 29

** Food processing firm seeks to raise up to A$11 million via an entitlement offer

** Entitlement offer price at A$3.5 per share, a 13.6% discount to stock's last close

** Co says funds to be used for property development costs and equipment purchase among others

** More than 9000 shares change hands, 8.2 times its 30-day average in stock's busiest trade since January 2

** Stock up 2.4% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))