Union Gas Holdings saw its share price jump up to a high of 93 cents the morning of May 31, 6.3% higher than its last close of 87.5 cents, triggering a query from Singapore Exchange Regulation (Singapore RegCo) on “unusual price movements”.
The query was issued at 10.05am, asking Union Gas Holdings to disclose any information that may explain the company’s trading activity.
SEE:Union Gas Holdings draws SGX query after share price leap
In a filing to SGX at 12.18pm, Union Gas Holdings said it was not aware of any information pertaining to the share price movement, and could not offer any other possible explanation that could account for the trading activity.
The company also confirmed its compliance with the listing rules.
As at 3.05pm, shares in Union Gas Holdings are 4 cents or 4.57% higher at 91.5 cents.
