China International Holdings has triggered a query by the Singapore Exchange S68 Regulation (SGX RegCo) after shares in the company surged over 116% to 9.1 cents as at Sept 6, from its last closed price of 4.3 cents.
This was deemed a near two-month high as shares in China International Holdings were trading as low as 3.8 cents after releasing its 1HFY2024 results ended June 30.
In its query, SGX RegCo asked the group to release any information concerning the “unusual price and volume movements” and to confirm its compliance with the Mainboard listing rules.
In an update issued after the close of the market, China International responded saying that the company is unaware of any possible explanation for the trading other than information previously announced concerning it or its subsidiaries. The company maintains it is in compliance with the listing rules.
Shares in China International closed 4.9 cents higher or 116.7% up at 9.1 cents on Sept 6.
