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Hosen shares see up to 89% spike; draws SGX query

Felicia Tan
Felicia Tan9/3/2020 03:04 PM GMT+08  • 2 min read
Hosen shares see up to 89% spike; draws SGX query
Prior to this, Hosen had released its 1H20 results on August 5. The group reported a 342.8% increase in its earnings for the half year ended June to $1.1 million, from the $250,000 a year ago.
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Packaged foods specialist Hosen Group (or more commonly known as Hock Seng Food), triggered a query from Singapore Exchange Regulation (SGX RegCo), after its share price surged up to 7 cents at 12pm on September 3, representing a 89.2% spike from its last closed price of 3.7 cents on September 2.

Hosen was also, unusually, among the tenth most heavily-traded counters on September 3, at fourth place.

The query from SGX RegCo came after Hosen’s share price rose steadily throughout the day from 3.7 cents to 6.4 cents at 11.46am.

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