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Food Empire receives SGX query after share price closed 18.1% higher

Felicia Tan
Felicia Tan • 1 min read
Food Empire receives SGX query after share price closed 18.1% higher
Shares in Food Empire closed further up at 13.5 cents higher or 18.1% up at 88 cents on Feb 3.
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At 4.50pm, shares in Food Empire Holdings were trading at 85.5 cents, 14.76% or 11 cents higher than its last close of 74.5 cents.

The surge in share price triggered a query from Singapore Exchange Regulation (SGX RegCo) at 4.50pm asking the company to confirm its compliance with the listing rules.

SGX RegCo also asked Food Empire to reveal any information that may have prompted the surge in share price in the same statement.

See also: Hotel Properties ‘not aware’ of any possible explanation for ‘unusual’ share price movements

Shares in Food Empire closed further up at 13.5 cents higher or 18.1% up at 88 cents on Feb 3.

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