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SGX RegCo issues trade with caution on Yinda Infocomm following 181% share price surge

The Edge Singapore
The Edge Singapore3/30/2021 06:07 PM GMT+08  • 3 min read
SGX RegCo issues trade with caution on Yinda Infocomm following 181% share price surge
A group of accounts appeared to be influencing Yinda Infocomm's share price.
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SGX RegCo has issued a trade with caution alert on Yinda Infocomm, whose shares have climbed 181% to 14.9 cents on March 30 from 5.3 cents on Sept 24 2020. In contrast, the Straits Times Index gained 30.2% in the same period.

The warning from the market regulator was issued just ahead of the company’s EGM to be held on March 31 for shareholders to approve the diversification of its business and the proposed acquisition.

Between last Sept and Jan, SGX RegCo notes five key corporate actions YIL announced where the volume weighted average price of its shares was integral to the transactions

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