Short term profit taking after

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Short term profit taking after financial results, it will go up onces selling is done and analysts upgrades.

Stock Track | Food Empire Plummets 3.98% Intraday Following Details on Fund Utilization from Note Issue and Share Placement

Food Empire's stock plummeted 3.98% during intraday trading on Thursday, as investors reacted to the company's detailed disclosure regarding the utilization of proceeds from recent capital-raising...

Stock Track | Food Empire Plummets 3.98% Intraday Following Details on Fund Utilization from Note Issue and Share Placement

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From the note issue, Food Empire spent US$19.1 million, including US$5.0 million on capital expenditure for Empire Manufacturing Kazakhstan LLP and US$12.7 million on capital expenditure for Indus Coffee (Vietnam) Co., Ltd.</p><p>The disclosure of these capital allocations, particularly the significant expenditures in Kazakhstan and Vietnam operations, along with the dilution from the treasury share placement, appears to have triggered investor concerns during the trading session.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Food Empire Plummets 3.98% Intraday Following Details on Fund Utilization from Note Issue and Share Placement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Food Empire Plummets 3.98% Intraday Following Details on Fund Utilization from Note Issue and Share Placement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-02-26 10:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Food Empire&#39;s stock plummeted 3.98% during intraday trading on Thursday, as investors reacted to the company&#39;s detailed disclosure regarding the utilization of proceeds from recent capital-raising activities.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1a56d57eae23a99a7efeb81f598893db\" tg-width=\"699\" tg-height=\"830\"/></p><p>The company announced that it has allocated funds from its earlier US$40 million issue of 5.5% redeemable exchangeable notes and the placement of 17.0 million treasury shares, which generated S$42.84 million in gross proceeds. 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From the note issue, Food Empire spent US$19.1 million, including US$5.0 million on capital expenditure for Empire Manufacturing Kazakhstan LLP and US$12.7 million on capital expenditure for Indus Coffee (Vietnam) Co., Ltd.The disclosure of these capital allocations, particularly the significant expenditures in Kazakhstan and Vietnam operations, along with the dilution from the treasury share placement, appears to have triggered investor concerns during the trading session.","news_type":1,"symbols_score_info":{"F03.SI":1}},"isVote":1,"tweetType":1,"viewCount":27,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":91,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}