Hatten Land on Dec 8 received a query from the Singapore Exchange Regulation (SGX RegCo) after its shares spiked to 6.0 cents as at 4.55pm, from 4.2 cents as at 3.32pm.
Shares in the construction company opened at 5.9 cents as at 9am on the same day before falling to a low of 4 cents.
Hatten Land’s share price mostly hovered around the 4 cent-mark throughout the day before surging to 6 cents, and closing at 6.5 cents, 0.6 cents higher or 10.2% up from its last closed price of 5.9 cents.
SEE:Spike in LMIRT's share price triggers SGX query
On the hike, the market regulator asked if the company knew of any other possible explanation for the trading, including public circulation of information by rumours or reports.
Hatten Land has since issued a statement at 6.02pm stating that it is unaware of any possible explanation with regard to the share price hike and that it is in compliance with the Catalist listing rules.
