Units in Lippo Malls Indonesia Retail Trust (LMIRT) surged as high as 9.8 cents at 9.22am on Nov 26, up 6.5% from 9.2 cents at market close on Nov 25, prompting a query from the Singapore Exchange Regulation (SGX RegCo) at 9.55am on the same day.

In a statement via SGX, the market regulator asked LMIRT if it was aware of any information that could trigger the spike in price.

It also ordered LMIRT to confirm that it remains in compliance with the listing rules.

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