Trading activity for the shares prompted a query from the Singapore Exchange Regulation (SGX RegCo) at 9.08am, who noted ‘unusual volume movements’. As of 10.19am, 17.56 million Sinjia Land shares have been traded. For comparison, Sinjia Land’s average monthly traded volume over the last three months stands at 3.36 million shares.
In its query, SGX RegCo requested Sinjia Land to disclose any information that explains the trading. It also asked the company to confirm its compliance with the listing rules.
As at 10.19am, Sinjia shares are up 0.2 cents or 7.41% higher at 2.9 cents.
