Oceanus has triggered its second query from Singapore Exchange Regulation (SGX RegCo) in a month after shares closed 0.8 cent higher or 11.9% up at 7.5 cents on Feb 19.

The homegrown premium seafood value chain manager received its first query on Jan 21, when its share price hit a high of 5.3 cents before falling to 4.7 cents at close on the same day.


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.


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See also: Oceanus achieves first 'clean' audit opinion in nine yearsOceanus posts net profit of RMB3.6 mil for 1H20 and Oceanus reverses losses to earnings of $1.9 mil for 3Q on higher revenue


 

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.