Shares in AEI Corporation surged 6.6% to $1.865 as soon as the market opened, from its last closed price of $1.75 on April 28.

The unusual price movement caused market regulator Singapore Exchange Regulation (SGX RegCo) to issue a query regarding the company’s trading activity at 9.16am on the same day.

AEI Corporation has since issued a reply to say that it is unaware of any information that was unannounced that could explain the trading.

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