Pan Asian Holdings has prompted a query from Singapore Exchange Regulation (SGX RegCo) after shares in the company surged 3.9 cents or 24.8% to 19.6 cents at 9.40am on June 13, from its price of 15.7 cents at the last close.
At 10.30am, the market regulator asked the company to explain its “unusual price movements”, and asked it to reveal information that may have brought about the spike if any.
Finally, SGX RegCo has also asked the company to confirm its compliance with the listing rules.
Pan Asian Holdings last triggered a query on its “unusual volume movements” on Sept 30, 2021. At the time, the company had denied any information that may have prompted the unusual movements.
As at 11.50am, shares in Pan Asian Holdings are trading 2.3 cents higher or 14.65% up at 18 cents.