A share price surge of 22.9% to 10.2 cents in Kitchen Culture’s share price at 3.58pm on June 22 has triggered a query from the Singapore Exchange Regulation (SGX RegCo) on the same day.
In a filing at 4.01pm, the market regulator noted the unusual volume movements in the counter’s shares and has asked that it reveal any information that may have led to the movements.
See also: Kitchen Culture chairman Lim pares stake; Hong Fok CEO raises stake
It has also asked Kitchen Culture to confirm its compliance with the Catalist rules.
Some 54.5 million shares in Kitchen Culture changed hands on June 22, making it the third-most traded counter in terms of volume on the SGX.
Shares in Kitchen Culture closed 1.4 cents higher or 16.9% up at 9.7 cents on June 22.
Photo: Stock photo
