SGX RegCo has requested that UG Healthcare’s board of directors “collectively and individually take responsibility for the accuracy of the reply” to its query.
Shares in UG Healthcare began the day at $1.97, before climbing to a high of $2.10 around 10.03am. Following the plunge, shares climbed and closed at $1.76, 21 cents lower, or 10.7% down, on Monday.
Update: At 5.14pm, UG Healthcare said that it is not aware of any information that might explain the drop in share price.
See: UG Healthcare a preferred pick among rubber glove counters listed here: CGS-CIMB
