The Place Holdings' share price shot up to 24.6% to 14.2 cents prior to market close on May 18, triggering a query from Singapore Exchange Regulation (SGX RegCo).
In its query at 4.37pm, SGX RegCo asked The Place Holdings to reveal any information that may have brought about the unusual price movements.
SEE:The Place Holdings' land site in China revalued 329% higher at RMB481 mil
The company was also asked to confirm its compliance with the listing rules.
Shares in The Place Holdings dipped down marginally before rising again and closing at 14.2 cents.
