Shares in Catalist-listed Sinjia Land rose to 3 cents after markets opened this morning, climbing 11.1% from its previous close of 2.7 cents.

See: Sinjia Land to buy 80% stake in G4 Station; diversify into property business

Trading activity for the shares prompted a query from the Singapore Exchange Regulation (SGX RegCo) at 9.08am, who noted  ‘unusual volume movements’. As of 10.19am, 17.56 million Sinjia Land shares have been traded. For comparison, Sinjia Land’s average monthly traded volume over the last three months stands at 3.36 million shares.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook