Shares in the company climbed to an intra-day high of 4.72 cents at around 11.28am and remained at that level till around 2.44pm. At 2.48pm, shares in HPL fell to 4.62 cents before falling further to an intra-day low of 4.32 cents at 4.06pm.
Hotel Properties Limited (HPL) says it is “not aware” of any information that might have led to the “unusual” share price movements that took place around 9.32am on May 16.
At around 9.14am, shares in HPL surged to 4.49 cents from its last-closed price of 4.32 cents, which triggered a query by the Singapore Exchange (SGX:S68
) Regulation (SGX RegCo).
