RTO talk lifts LifeBrandz, prompting query

Singapore

SHARES in LifeBrandz Limited were heavily traded on Wednesday on rumours of a potential reverse takeover. But the lifestyle and entertainment company, in an after-market response to a Singapore Exchange (SGX) query on the unusual trading activity, said that it was not aware of any reason that might explain it.

The stock was last traded at the intra-high of 4.8 Singapore cents, a surge of 1.5 cents, or 45 per cent, before the company called an immediate trading halt at 4.35pm, about an hour after the SGX query.