However, no definitive terms or formal legal documentation have been agreed on, and no binding agreement signed between the parties, Y Ventures said in its regulatory filing.
The company also confirmed its compliance with the SGX listing rules.
Monday’s 19.6% plunge in Y Ventures’ share price triggered the SGX RegCo query just before market closure.
The counter eventually closed at 11.2 cents, with some 30 million shares traded.
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On Tuesday, Y Ventures opened 0.2 cent higher at 11.4 cents before hitting an intra-day high of 12 cents.
As at 3.14pm, its shares are trading 0.6 cent higher at 11.8 cents with 24.5 million shares traded.
