Hong Lai Huat Group has triggered a query from Singapore Exchange Regulation (SGX RegCo) after its share price rose to 13.6 cents, up 4.3 cents or 46.2% higher from last close of 9.3 cents on March 16.
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SGX RegCo, via a filing on SGX at 9.13am, asked Hong Lai Huat if it had any information that could have led to the unusual price movements, and asked the company to confirm its compliance with Mainboard rule 703.
As at 9.39am, shares in Hong Lai Huat are trading at 12.9 cents, up 3.6 cents or 38.7% higher from last close.
