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Food Empire to Liquidate UAE Subsidiary

MT Newswires12-03 17:36

Food Empire (SGX:F03) said its UAE-based subsidiary, FE Global DMCC, has been placed under members' voluntary liquidation, according to a Wednesday filing with the Singapore Exchange.

Shares of the food and beverage company were down nearly 2% at the close of trade on Wednesday.

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  • albert77
    ·12-04 23:23
    When in China happens? 
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  • yongts
    ·12-04 22:02
    It is a classic case of pumping up the price with good story, dining up with stock analyst, pumping up profit and loss with creative accounting and buying up and pushing up share price with minimum outlay. And wait for the herd instinct to kick in. Sucker will get suck in, and real smart one will take profit. This is the second major withdrawal from a major markets. First one is china. They cannot actually stand their ground when faced with a bit of competition. That already show how good a company they are. In the long run, their safe countries will be overrun by the winners in china and middle east. So i personally feel that at it is not a company for long term. Run and take profit while you can. India they will sooner face bureaucracy profit once there set up is big
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  • Rabbit Tiger
    ·12-04 14:01
    Why liquidate it?
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