Hosen previously received a query from the market regulator in September 2020 when its shares surged 89.2% to 7 cents from its last closed price of 3.7 cents.
See also: Hotel Properties ‘not aware’ of any possible explanation for ‘unusual’ share price movements
The packaged foods specialist company saw its share price rise steadily from the 7 cents at market open, before hovering around the 8 to 9 cent mark most of the day.
Scroll to continue
In the query, SGX RegCo asked Hosen to confirm its compliance with the listing rules, and to announce any information that may have caused the increase in share price.
