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Sembcorp Marine triggers SGX query as shares jump 12% on heavy trading

Uma Devi
Uma Devi10/21/2019 03:03 PM GMT+08  • 3 min read
Sembcorp Marine triggers SGX query as shares jump 12% on heavy trading
Meanwhile, Temasek Holdings on Monday announced it is moving to increase its stake in Singapore's other largest oil-rig builder, Keppel Corporation, to 51% in a deal worth about $4 billion.
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SINGAPORE (Oct 21): Sembcorp Marine (SembMarine) has been issued with a query from Singapore Exchange Regulation (SGX RegCo) after its share price jumped 11.7% on Monday afternoon.

This marks the company’s second query from the market regulator over the span of four months.

Shares in SembMarine opened at $1.20 on Monday, and remained relatively stable. However, after the mid-day break, the counter surged to as high as $1.34, with some 15.7 million shares traded as at 2.57pm.

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