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The high trading volume triggered a query from the Singapore Exchange Regulation (SGX RegCo) at 10.40am regarding the counter’s trading activity.
SGX RegCo asked Net Pacific Financial Holdings to reveal any information that may explain the trading. In addition, the company was asked to confirm whether it was in compliance with the listing rules.
As at 11.04am, shares in Net Pacific Financial are up 1.9 cents or 73.08% higher at 4.5 cents.