80% spike in KTL Global's share price triggers SGX query

KTL Global, on Feb 9, received a query from the Singapore Exchange Regulation (SGX RegCo) after its shares spiked to 4.9 cents, 2.3 cents or 88.5% higher than the 2.6 cents at last close.

In its statement posted at 4.21pm, the market regulator asked the offshore services firm to announce any information that may have brought about the spike in share price.

SGX RegCo also asked KTL Global to confirm its compliance with the listing rules in the same statement.