SingHaiyi’s share price spiked to a high of 10.6 cents this afternoon, up 3.2 cents or 43.2% higher from its previous close of 7.4 cents, triggering a query from the Singapore Exchange Regulation (SGX RegCo).
The query, which came in at 1.33pm, highlighted the counter’s “unusual volume movements”. As at the time of writing, 24.7 million SingHaiyi shares have traded hands, almost five times its average monthly volume of 5.3 million across the past three months.
See also: Tangs of SingHaiyi and Daniel Teo of GRP raise respective stakes in firms
SGX RegCo has asked SingHaiyi to reveal any information that may explain the trading activity. It has also asked SingHaiyi to confirm its compliance with the listing rules.
As at 4.01pm, shares in SingHaiyi are trading up 2 cents or 27% higher at 9.4 cents.
