Shares in RH PetroGas surged to 8.8 cents at 9.32am on May 31, 35.4% higher than its last-closed price of 6.5 cents, prompting the Singapore Exchange Regulation (SGX RegCo) to issue a query.
SEE:Stocks to watch: RH Petrogas, CITIC Envirotech, Sembcorp
In a filing at 10.07am on the same day, SGX RegCo asked if the company was aware of any information pertaining to the “unusual price movements” in its shares recently. It also asked RH PetroGas to confirm its compliance with the listing rules.
Shares in RH PetroGas closed 1.2 cents higher or 18.5% up at 7.7 cents on May 31.
