SEE:Mondrian continues to trim Sheng Siong stake; Kim Heng CEO Tan raises stake
A query on Kim Heng’s trading activity was issued by SGX RegCo at 4.26pm, shortly after its share price hit the intraday high. The share price represents a new 52-week high for the counter.
SGX RegCo asked Kim Heng to reveal any information that might explain the “unusual volume movements” for its shares. It also asked Kim Heng to confirm whether it was in compliance with the listing rules.
Shares in Kim Heng closed up 2.7 cents or 71.1% higher at 6.5 cents on May 31.
