SINGAPORE (Jan 14): Sino Grandness Food Industry Group, the canned fruits and vegetables producer, has called for a trading halt pending an announcement.
This came after Singapore Exchange (SGX) queried the group on the possible reasons behind its 12.7% plunge to 12 cents on Monday.
By 10.24am, some 4.2 million of Sino Grandness shares had changed hands, compared to its three-month volume average of 0.33 million.
SGX had issued three questions wiith regards to the counter’s unusual trading activity.
The group was asked if it is aware of any information that was not previously announced or any other possible explanation for the unusual trading, such as public circulation of information by rumours or reports.
The group was also asked to confirm its compliance with SGX listing rules.
