Leader Environmental Technologies, on Jan 6, received a query from the Singapore Exchange Regulation (SGX RegCo) after its shares spiked to 12.5 cents, from 9.5 cents at market close on Jan 5.

Shares in the company opened at 9.5 cents before surging to 11.6 cents at around noon, before going up to 12.4 cents at 1.10pm.

In a statement via SGX, the market regulator asked the company if it was aware of any information that could trigger the spike in price.

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It also ordered Leader Environmental Technologies to confirm that it remains in compliance with the listing rules.

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At 2.37pm, the company requested for a trading halt pending the release of an announcement.

As at 2.48pm, Leader Environmental Technologies is trading 2.8 cents higher or 29.5% up at 12.3 cents.