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SGX RegCo urges caution in trading of Mirach Energy shares

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
SGX RegCo urges caution in trading of Mirach Energy shares
SINGAPORE (Sept 24): Singapore Exchange Regulation (SGX RegCo) has urged investors to exercise caution when dealing in the shares of Mirach Energy.
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SINGAPORE (Sept 24): Singapore Exchange Regulation (SGX RegCo) has urged investors to exercise caution when dealing in the shares of Mirach Energy.

In an announcement on SGX at 5.19pm on Tuesday, the regulator noted that Mirach’s share price had more than doubled from 13 cents on Feb 8 to 29 cents on Sept 3.

SGX RegCo says a review of the trades in Mirach in this period showed that a small group of individuals was responsible for over 69% of the buy volume of Mirach shares.

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