Kingboard Copper Foil triggers SGX query as share price jumps on unusual trading volume

SINGAPORE (Apr 9): Singapore Exchange (SGX) has issued a query to China-based copper foil producer Kingboard Copper Foil Holdings after unusual volume movements in the trading of its shares.

As at 4.06pm on Monday, some 40.5 million Kingboard Copper Foil shares have changed hands. Its share price has jumped 7 cents, or 18.4% higher, to a decade-high 45 cents.

In a filing to SGX at 2.24pm, the regulator’s head of surveillance, Kelvin Koh, told Kingboard Copper Foil to disclose any information that might explain the unusual activity.

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