Kim Heng has received a query from the Singapore Exchange Regulation (SGX RegCo) on May 31 after its share price climbed to a high of 6.6 cents, up 73.7% from its previous close of 3.8 cents.

The surge in share price followed an unusually high trading volume for the counter. Kim Heng closed the day as the second-highest traded stock by volume on the SGX, with as many as 71.8 million shares traded. In comparison, Kim Heng’s three-month average trading volume stands at 5.7 million shares.

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