Shares in AEI Corporation climbed to a high of $1.44 this afternoon, up 23 cents or 19% higher from its last close of $1.21 on July 14.
The surge in price prompted a query from the Singapore Exchange Regulation (SGX RegCo) at 2.13pm. SGX RegCo requested for AEI to reveal any information that may explain the trading activity.
AEI was also asked to confirm its compliance with the listing rules.
See also: AEI Corporation draws SGX query on 6.6% surge
AEI has been on the Singapore Exchange Securities Trading (SGX-ST) watch-list under the financial entry criteria pursuant to Rule 1311(1) of the Listing Manual since Dec 4, 2019.
As at 4.26pm, shares in AEI are up 14 cents or 11.57% higher at $1.35.
Photo: Albert Chua/The Edge Singapore
