In an announcement on Sept 24, the regulator noted that Mirach Energy’s share price had more than doubled from 13 cents on Feb 8 this year to close at 29 cents on Sept 3. SGX RegCo also noted that a small group of individuals, who appeared to be connected to each other, was responsible for over 69% of the buy volume of the shares.
SINGAPORE (Oct 18): Mainboard-listed Mirach Energy has triggered a query by Singapore Exchange Regulation (SGX RegCo), after its share price surged 38.9% within the span of half an hour on Friday afternoon.
This comes less than a month after the market regulator flagged suspicious trading activities in the counter, and urged investors to exercise caution.
