The Singapore Exchange Regulation (SGX RegCo) has issued a query to Boldtek Holdings at 2.46pm on April 6 after shares in the construction company surged to 11.1 cents around the same time.

The higher price represented a 54.2% hike from its last close price of 7.2 cents.

Boldtek has since issued a response that while it is unaware of any unannounced information concerning the company, it had received a substantial shareholders’ notification from its new shareholder, Twinkle Investment Pte Ltd.

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