Hanwell reveals significant shareholder disposes of 12.3% stake for $28.6 mil in response to SGX query

Hanwell says it is waiting for Tang’s Forms 3 and C.

The announcement came after the Singapore Exchange Regulation (SGX RegCo) issued a query to the company at 9.36am on the same day.

The query came as shares in Hanwell surged to an intra-day high of 48.8 cents, 14.82% higher than its last-closed share price of 42.5 cents.

Shares in Hanwell closed 3 cents higher or 7.1% up at 45.5 cents on June 11.

Photo: Samuel Isaac Chua/The Edge Singapore