LS 2 Holdings made its trading debut on the morning of Feb 24, with its initial public offering (IPO) priced at 20 cents.
SGX RegCo had, at the time, issued a “trade with caution” alert on the counter after shares in the company surged as high as $1.60 before closing the day at 88 cents.
In its response later in the day, LS 2 says it is not aware what might have triggered the trading and that it believes it has complied with the relevant listing rules.
