SINGAPORE (Jan 20): Civmec, the heavy engineering company based in Australia, says its recent share surge could be due to the group’s previously-announced project awards as well as news of its shipbuilding facility expansion plans.

The answer was in response to an unusual trading activity query raised by the Singapore Exchange (SGX) after its share price jumped from 54 cents on Monday to a high of 62 cents on Wednesday.

In a Friday filing to the SGX, Civmec says although it is not aware of any information not previously announced that may explain the change in share price, it could be attributed to the group’s previously-announced project awards as well as news of its shipbuilding facility expansion plans.

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