SMI Vantage (previously known as Singapore Myanmar Investco) has triggered a query from the Singapore Exchange Regulation (SGX RegCo) on Nov 10 after its share price plunged some 30% from its last close of 10.8 cents.
The share price reached an intraday low of 7.5 cents, or 30.6% lower than its last close, at around 1pm.
See: Singapore Myanmar Investco mulling cryptocurrency JV with Hatten Land
Shortly after, SGX RegCo issued the query, noting ‘unusual price movements’ for SMI Vantage shares and requested the company to disclose any information that may explain the trading.
It also asked SMI Vantage to confirm its compliance with the listing rules.
As at 2.16pm, SMI Vantage shares are down 21.3% or 2.3 cents lower at 8.5 cents.
See also: Food Empire draws trading query from SGX (update)
Photo of Yangon International Airport: Stock photo
