Corporate digest

LS 2 Holdings

A DAY after being slapped with a "trade-with-caution" alert, the newly-listed cleaning services company said it was unaware of any material information previously unannounced or that was in its offer document that could explain the price and volume movements in the company's shares since its listing on Thursday.

The counter ended its first day of trading at S$0.88, up 340 per cent from its initial public offering (IPO) price of S$0.20. The stock had also hit an intraday high of S$1.60. LS 2 Holdings also said it was unaware of any possible explanation for such trading activity, and confirmed its compliance with the Catalist rules.