See: Oceanus receives market regulator's query after over 8% share price surge
The share price is the highest Oceanus has ever traded at. From March to November 2020, shares in the group were trading below the 1-cent mark, before hovering around 1 to 3 cents between November 2020 and January. SGX RegCo, via a filing on SGX, asked Oceanus if it had any information that could have led to the surge in share price, and asked the company to confirm its compliance with Mainboard rule 703.
Update In a Feb 19 filing, Oceanus says the company is not aware of any information that may have contributed to the surge in share price. That said, it remarked that it "continues to make efforts to grow its business", as previously announced.