The company was among the most heavily traded counters on Jan 21 with some 22.49 million shares changed hands at the close of the day.
Shares in Zhongxin Fruit (SGX:5EG
) reached a 52-week high when it closed at 3.4 cents on Jan 21 or 126.67% up from its previous close of 1.5 cents.
This came after the company said, on Jan 20, that it expected to report a “significantly higher” revenue and net profit for the 1HFY2025 ended Dec 31 on a y-o-y basis. The increase was attributed to higher customer demand for Zhongxin’s concentrated fruit juices and fructose.
