Shares in Fu Yu Corp surged as high as 20.7% to 33.8 cents as at 3.50pm on Jan 18, with some 223.0 million shares changed hands, triggering a query from Singapore Exchange Regulation (SGX RegCo) on the same day.
Fu Yu was among the top three most-traded counters and second in top value on the SGX, prompting the market regulator to ask if the company was aware of any information that may impact the price of its shares.
SEE: Fu Yu's cost saving and growth initiatives keep it at 'buy': UOB
SGX RegCo also asked the company to confirm its compliance with the listing rules, in particular Mainboard rule 703.
Fu Yu, at 4.29pm, has requested for a trading halt.
As at 4.56pm, shares in Fu Yu are trading 3 cents higher or 10.7% up at 31 cents.
