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Hot stock: China Star Food queried over price surge

SHARES of China Star Food Group rose by some 15 per cent or S$0.016 to a high of S$0.12 on Tuesday morning.

The Catalist-listed company, which manufactures healthy food snacks in China, was among the top gainers and most actively traded counters on Singapore Exchange (SGX). As at 11.21am, about 19.6 million shares had changed hands.

At 10.52am, SGX issued a query on the counter's trading activity, citing recent unusual volume movements. China Star Food had not responded to the query at the time of this report.

In May, China Star Food announced that operations had been halted at its new Lian Cheng county manufacturing plant, and that it expected to post a significantly lower profit for the year ended March 31, 2017.

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