The market regulator at 10.53am asked HPL to declare whether the company was aware of any information not previously announced that might explain the “unusual price movements” in its shares.
SINGAPORE (Oct 8): Hotel Properties (HPL) has triggered a query from Singapore Exchange Regulation (SGX RegCo), after its share price surged as much as 7.6% on heavy trading Tuesday morning.
As at 11.48am, shares in HPL are trading 22 cents higher, or up 6.2%, at $3.77. The counter has climbed 10.9% since closing at a 52-week low of $3.40 on Sept 5.
