Leader Environmental Technologies has prompted a query from the Singapore Exchange Regulation (SGX RegCo) after its share price jumped up to 8.7 cents, 17.6% higher than its last close of 7.4 cents on Oct 18.
The query, which came in at 2.07pm, highlighted the “unusual volume movements” in Leader Environmental Technologies’ shares. Over 36 million shares in the company have been traded as of 2.30pm today, on par with the average monthly volume for the counter over the last three months.
See: Leader Environmental Technologies chairman and deputy CTO facing insider trading probe
SGX RegCo requested the company to disclose any information that may explain the trading activity. It also asked Leader Environmental Technologies to confirm its compliance with the listing rules.
As at 2.30pm, shares in Leader Environmental Technologies are up 13.5% or 1 cent higher at 8.4 cents.
/Update
In a filing after market close, Leader Environmental Technologies says it was "made aware" of a disposal of shares made by its executive director, Lin Baiyin. A separate announcement will be made in due course, adds the company.
In addition, the company confirmed its compliance with the listing rules.
