The Singapore Exchange Regulation (SGX RegCo) has issued a query to Excelpoint Technology at 4.30pm on May 21 as its shares surged 14.2% to 80.5 cents as at 4.26pm.
SGX RegCo called out the electronics components distributor’s “unusual volume movements” in its shares and asked the company to announce any information that may have prompted the trading.
SEE: Excelpoint Technology's subsidiary launches innovation centre to boost new opportunities in AIoT
It has also asked Excelpoint to confirm its compliance with the listing rules.
Shares in Excelpoint closed 10.5 cents higher or 14.9% up at 81 cents on May 21 with 976,600 shares changed hands.
