Home News SGX query

SGX RegCo refers Mirach Energy to authorities as 'single omnibus trading account' continues to drive share price surge

Uma Devi
Uma Devi11/5/2019 06:42 PM GMT+08  • 3 min read
SGX RegCo refers Mirach Energy to authorities as 'single omnibus trading account' continues to drive share price surge
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 5): Singapore Exchange Regulation (SGX RegCo) says it has referred the unusual trading of shares in mainboard-listed Mirach Energy to the authorities for their “necessary actions”.

In a regulatory filing on Tuesday, the market regulator once again urged investors to exercise caution when dealing in the shares of Mirach.

The warning comes shortly after SGX RegCo issued Mirach with its second query in the span of a month. The query, which was issued at 9.22am, was prompted by a 41% surge in the company’s share price to 36 cents just after market open on Tuesday.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now