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.


SEE: Food Empire reports 13.3% drop in 1Q2020 earnings to $9.3 mil


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

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