Singapore Exchange Regulation (SGX RegCo) has queried A-Sonic Aerospace on its trading activity after the company’s share price climbed to 64 cents, up 10.5 cents or 19.6% higher from last close of 53.5 cents on March 16.
SEE:A-Sonic Aerospace reports 499% surge in 1H20 earnings to US$4.8 mil
SGX RegCo, via a filing on SGX at 1.25pm, asked Hong Lai Huat if it had any information that could have led to the unusual price movements, and asked the company to confirm its compliance with Mainboard rule 703.
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)