In the query, the market regulator noted the company’s “unusual volume movements” and asked it to confirm its compliance with the listing rules.
The Singapore Regulation (SGX RegCo) has issued a query to Mencast Holdings after the company’s shares closed 1.9 cents higher or 50% up at 5.7 cents on June 10.
Shares in the company climbed steadily before reaching an intra-day high of 5.7 cents. The share price was also among the highest since July 2021.
