Shares in Catalist-listed OIO Holdings climbed to a high of 66.3 cents this afternoon, 27.5% higher than the counter’s last close of 52 cents, before closing at 65 cents on August 10.
The share price marks a new 52-week high for the counter.
See: Share price hike in OIO Holdings triggers query from SGX
The share price movement triggered a query from the Singapore Exchange Regulation (SGX RegCo) at 3.18pm. SGX RegCo requested for OIO to reveal any information that may explain the shares’ trading activity.
OIO was also asked to confirm its compliance with the listing rules.
In its response at 6.46pm, OIO confirmed that it is in compliance and that it is not aware of what might have caused the share price to move the way it did.
Photo: OIO's website
