In its query, SGX RegCo has asked Yoma to release any information that may have brought about the “unusual price movements” and to confirm its compliance with the Mainboard rules.
Yoma Strategic Holdings has triggered a query by the Singapore Exchange (SGX:S68
) Regulation (SGX RegCo) after shares in the company surged to an intra-day high of 11.5 cents on June 11, before ending the day at 11 cents, up 30.9%.
Shares in the company traded at 6.5 cents prior to the release of its FY2024 ended March results on May 29, in which the company posted earnings of US$21.2 million ($28.5 million), a turnaround from a net loss of US$63.3 million in the previous year.
