Food Empire says that it is currently conducting feasibility studies in line with “exploratory discussions” with the local provincial authority of Vietnam on its plan to construct a new instant coffee factory in central Vietnam.
The announcement, dated June 19, comes after Vietnamese media reports about the group’s purported plans to build the factory.
In its statement, the group says it will release updates when there is further material development pertaining to the project.
Shares in Food Empire closed flat at $1.01 on June 19.
