Oceanus has triggered a query from the Singapore Exchange Regulation (SGX RegCo) at 2.32pm on June 8 after its shares dropped by 0.2 cent or 9.091% to 2.0 cents.
Oceanus was also the most heavily traded counter with 183.6 million shares changed hands, representing a value of $3.86 million.
In contrast, the counter only saw some 0.43 million shares changed hands the day before.
In the query, SGX RegCo noted the “unusual volume movements”, and asked Oceanus to reveal any information that may have been possibly responsible for the high trading volume.
The market regulator has also asked Oceanus to confirm its compliance with the listing rules.
In its reply at 5.31pm, the company confirms it isn't aware what might have caused the unusual trading pattern and that it believes it is in compliance of relevant rules.
See also: Food Empire draws trading query from SGX (update)
Oceanus shares closed June 8 at 2 cents, down 9.09% for the day.
