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

Stock Track

5 hours ago

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 activities.

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. 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1131216327"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1131216327\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1131216327?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-26 10:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1131216327","market":"sg","top_or_hot":-1,"title":"Stock Track | Food Empire Plummets 3.98% Intraday Following Details on Fund Utilization from Note Issue and Share Placement","media":"Stock Track","content":"<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. 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>","source":null,"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. 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>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F03.SI","symbol_name":"富旺朝","start_time":0,"source_url":"","article_id":"1131216327","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131216327","pubTimestamp":1772072058,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"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...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"F03.SI":"富旺朝"},"translate_title":"个股轨迹|食品帝国盘中暴跌3.98%紧随票据发行及配股资金运用明细","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":1},"content_text":"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 activities.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. 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.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}