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SGX queries JES on unusual trading activity
CHINESE shipbuilder JES International Holdings saw 107.861 million shares switching hands by noon on Wednesday, pushing its share price up 17.65 per cent. Its counter jumped 0.06 cent to S$0.04.
This has prompted the Singapore Exchange to query the mainboard-listed company on unusual trading activity.
Besides shipbuilding, JES provides diversified services from offshore engineering to global trading and investment.
It has its shipbuilding and offshore engineering base in China's Jiangsu province. The company also has research and development, sales and marketing, as well as procurement centres in Singapore.
JES serves customers in Europe and Asia, including China. The company was founded in 1973 and is based in Jingjiang, China. JES is a subsidiary of JES Overseas Investment Limited.