Aspen (Group) Holdings saw its share price jump up 17.7 cents this morning, up 16.4% from its previous close of 15.2 cents, triggering a query from the Singapore Exchange Regulation (SGX RegCo) at 9.42am.
Since then, its share price has continued climbing, reaching a high of 19.3 cents or up 27% as at 11.36am.
See also: Aspen confirms US$210 million glove deal with Honeywell is off, looking for new buyers
In its query, SGX RegCo asked Aspen to reveal information that may explain the ‘unusual price movements’. It also asked Aspen to confirm whether it was in compliance with the listing rules.
As at 12.56pm, Aspen shares are trading up 3.7 cents or 24.3% higher at 18.9 cents.
Photo: The Edge Singapore
