The query from SGX RegCo came after Hosen’s share price rose steadily throughout the day from 3.7 cents to 6.4 cents at 11.46am.
Packaged foods specialist Hosen Group (or more commonly known as Hock Seng Food), triggered a query from Singapore Exchange Regulation (SGX RegCo), after its share price surged up to 7 cents at 12pm on September 3, representing a 89.2% spike from its last closed price of 3.7 cents on September 2.
Hosen was also, unusually, among the tenth most heavily-traded counters on September 3, at fourth place.
