The Singapore Exchange Regulation (SGX RegCo) issued a query to Union Gas at 11.29am on Aug 19 as shares in the company fell 12.18% to 86.5 cents from the previous day’s close of 98.5 cents.
Shares in the gas company steadily declined during the day to an intra-day low of 86 cents at certain points.
See also: Union Gas receives in-principal approval for transfer to Mainboard
In the filing, the SGX RegCo took notice of the “unusual price movements” in Union Gas and asked the company to confirm its compliance with the Mainboard listing rules.
SGX RegCo also asked if there was any information not previously announced that could prompt the change in price.
As at 3.05pm, shares in Union Gas are trading 11.5 cents lower or 11.68% down at 87 cents.
Photo: Union Gas Holdings