SINGAPORE (Oct 15): Y Ventures says it is not aware of any information not previously announced to explain why its share prices fell sharply on Monday (Oct 14).

The Catalist-listed e-commerce company also revealed it has started discussions with a counterparty to explore a potential joint venture, in its response to a query by the Singapore Exchange Regulation (SGX RegCo).

However, no definitive terms or formal legal documentation have been agreed on, and no binding agreement signed between the parties, Y Ventures said in its regulatory filing.

The company also confirmed its compliance with the SGX listing rules.

Monday’s 19.6% plunge in Y Ventures’ share price triggered the SGX RegCo query just before market closure.

See: Y Ventures triggers SGX query after shares plunge as much as 19.6%

The counter eventually closed at 11.2 cents, with some 30 million shares traded. 

On Tuesday, Y Ventures opened 0.2 cent higher at 11.4 cents before hitting an intra-day high of 12 cents.

As at 3.14pm, its shares are trading 0.6 cent higher at 11.8 cents with 24.5 million shares traded.