In its query, SGX RegCo has asked Aoxin to release any information that may have brought about the “unusual price movements” and to confirm its compliance with the Catalist listing rules.
Aoxin Q&M has triggered a query by the Singapore Exchange Regulation (SGX RegCo) after shares in the company surged by 44% to 12.1 cents as at 9.56am on July 21, from its last-closed price of 8.4 cents.
While shares in the company fell slightly to 11.3 cents, this was still deemed a month-long high since its shares fell to 8.3 cents in early July.
