In its query, SGX RegCo asked Ho Bee Land if it was aware of any information that could’ve brought about the share price hike. It also asked Ho Bee Land to confirm that it was in compliance with the listing rules.
As at 4.53pm, shares in Ho Bee Land are trading 25 cents higher or 12.14% up at $2.31.
Update
Ho Bee Land has issued an update after market hours to say that it is not aware of any information that has caused the unusual hike in its share price.
