While shares in Hatten Land traded relatively flat throughout the day barring a 12.5% increase to 2.7 cents at 10.38am, the counter saw some 24.5 million shares change hands on Aug 30, putting it among the top five most-traded counters on the Singapore Exchange (SGX).
At 2.59pm, the regulator issued a query to the property developer to ask if it was in compliance with the Catalist rules.
SGX RegCo also asked Hatten Land to reveal any information behind the higher amount of trades, if any.
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