JEP Holdings has prompted a query from the Singapore Exchange Regulation (SGX RegCo) after shares in the company closed 2 cents higher or 10% up to 22 cents on April 21.

SGX RegCo has, via a filing on SGX at 5.04pm, asked JEP Holdings to confirm its compliance with the listing rules, in particular Catalist Rule 703.

JEP Holdings was also encouraged to announce any information that may have led to the “unusual volume movements”.

Shares in JEP Holdings closed the day with 27.5 million shares changed hands.

See: JEP Holdings receives unconditional offer from UMS Holdings at 20 cents per share

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