The Singapore Exchange Regulation (SGX RegCo) has issued a query to Hoe Leong Corporation after its shares more than doubled to 0.5 cent as at 4.46pm on Sept 2.
The query, which was triggered at 4.55pm, noted the company’s “unusual volume movements” in its shares for the day.
The market regulator also asked Hoe Leong to release any information that may have triggered the trading in addition to confirming its compliance with the listing rules.
Hoe Leong was the second most heavily traded counter on the Singapore Exchange (SGX) on Sept 2 with a total of 147.9 million shares changed hands, just behind SembMarine.
Shares in Hoe Leong closed 0.2 cent higher or 100% up at an 11-month high of 0.4 cent on Sept 2.
