The market regulator also noted the 75% surge in share prices in the company from Oct 25, 2022, to Nov 1, 2022, where Healthbank’s shares grew to 21 cents from 9 cents before.
Singapore Exchange Regulation (SGX RegCo) has issued a “trade with caution” warning for investors looking to invest in the shares of Healthbank Holdings Limited (formerly SMJ International) (SGX:40B
) .
The warning comes after a surge in trading volume in the company’s shares from Aug 22, 2022, to Nov 1, 2022, where 4.4 million shares in Healthbank were traded versus no trades executed in the two months before that.
