Shares in Credit Bureau Asia surged as high as $1.48, with some 238,500 shares changed hands at 4.58pm on Jan 6.

The spike in volume and share price prompted a query from the Singapore Exchange Regulation (SGX RegCo) at around the same time.

At 7.40pm, the company responded to the market regulator that it is “not aware” of any information that may have caused the unusual price movements, or other possible explanation.

Shares in Credit Bureau Asia closed 12 cents higher or 9.0% up at $1.46 on Jan 6, with 5.7 million shares changed hands for the day.

The company was also among the top three advancers among the SGX-listed companies.

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See: Credit Bureau Asia shares rise after launch of Myanmar's first credit bureau and Credit Bureau Asia opens on SGX Mainboard at $1.15