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Instant-coffee maker Food Empire’s potential dual listing may not mean instant success

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Uma Devi

Uma Devi

Published Mon, Oct 30, 2023 · 05:00 AM
    • Sudeep Nair, chief executive officer of Food Empire. The company’s potential dual primary listing on the Hong Kong exchange is creating excitement. But without significant operations in East Asia, it might find it difficult to stir up interest in the Hong Kong market.
    • Sudeep Nair, chief executive officer of Food Empire. The company’s potential dual primary listing on the Hong Kong exchange is creating excitement. But without significant operations in East Asia, it might find it difficult to stir up interest in the Hong Kong market. PHOTO: FOOD EMPIRE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    INVESTORS might be expected to shun a consumer products company that derives the bulk of its revenue from countries embroiled in a war. 

    But the stock price of instant-coffee maker Food Empire , whose key markets include Russia and Ukraine, has surprisingly been on a tear over the past year.

    The mainboard-listed company is now stirring up more excitement with its latest announcement in mid-October that it is exploring a dual primary listing in Hong Kong. 

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