The query came in at 3.57pm following the jump in share price to 1 cent around 2.14pm, with SGX RegCo asking the company to reveal any information that may have brought about the unusual volume movements.
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Shen Yao Holdings was also asked to confirm its compliance with the listing rules.
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After the jump to 1 cent, the company’s share price fell slightly back down to close flat at 0.8 cents.
