SGX RegCo has issued a query on Yinda Infocomm's trading activity after its share price surged as high as 27.5 cents this morning, an increase of 37.5% from last close.

The spike followed an announcement by the company that its investee company TECH5, a provider of biometrics solutions, has joined the ID2020 Alliance, a global public-private partnership that advocates for ethical implementation of digital identity solutions.

Following the announcement, Yinda Infocomm’s share price saw a jump to 24.5 cents or 20% higher from last close on the back of high trading volume, before further climbing to 27.5 cents and triggering the query at 10.21am.

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