Singapore Exchange Regulation (SGX RegCo) has issued a query to Tianjin Zhong Xin Pharmaceutical regarding “unusual price movements” in its shares on Dec 17.
The market regulator issued the notice at 10.43am when shares in the company were trading at US$1.04, up 10.6% from its closing price of 94 US cents on Dec 16.
At 11.34am, shares in the company were trading as high as 17.02% up at US$1.10.
SGX RegCo has ordered Tianjin Zhong Xin Pharmaceutical to confirm that it remains in compliance of listing rules.
As at 12.02pm, shares in Tianjin Zhong Xin Pharmaceutical are trading 11 US cents higher or 11.7% up at US$1.05.
