In its filing, SGX RegCo asked the company to confirm its compliance with the listing rules and requested the company to release any information that may have brought about the share price surge.
The Singapore Exchange Regulation (SGX RegCo) has issued a query to Sinostar Pec Holdings (SGX:C9Q
) after it noted “unusual price movements” in its shares on Aug 25.
Shares in the company rose steadily throughout the day and reached an intra-day high of 18 cents – or 20% higher than its last-closed price of 15 cents – at around 3.34pm.
