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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tokyo's Nikkei drops more than 1,000 points, most in 3 years
Cordlife requests trading halt after dropping 15.2% to all-time low, pending announcement
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Inside TSMC chairman Mark Liu's short but impactful reign
CSE Global bags US$36.5 million data centre contract extension
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances