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SGX RegCo issues trade with caution on Memiontec Holdings after 295.8% share price surge

Felicia Tan
Felicia Tan1/14/2022 7:18 PM GMT+08  • 2 min read
SGX RegCo issues trade with caution on Memiontec Holdings after 295.8% share price surge
SGX RegCo has since referred the matter to the necessary authorities.
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Singapore Exchange Regulation (SGX RegCo) has issued a trade with caution alert on Memiontec Holdings.

Shares in the company climbed 295.8%, or 71 cents higher to 95 cents within five months – from Aug 3, 2021 to Jan 12, despite a “modest improvement in the broad market”.

During the same period, the benchmark Straits Times Index (STI) gained 3.4% or 105.73 points in comparison, notes the market regulator.

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