Corporate digest

Rickmers Maritime

RICKMERS Trust Management said on Tuesday that it was not aware of the reason behind the surge in trading of Rickmers Maritime units on Monday, which prompted a query from Singapore Exchange (SGX). The units of the business trust had soared as much as 38.6 per cent in heavy trade on Monday, before closing at 11.3 Singapore cents each, up 36.1 per cent. It was also the second most actively traded stock, with 105 million units changing hands, multiple times its average three-month volume of 1.38 million units.

In its response to SGX, Rickmers Trust Management said it was not aware of information not previously announced, or any other possible reason, that might explain the trading.