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Hot stock: Aspen soars 55% to three-month high, triggers SGX query

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Yong Hui Ting

Yong Hui Ting

Published Thu, Dec 29, 2022 · 10:36 AM
    • The group’s core business is in property development in Malaysia – building residential and mixed-use properties that target middle-income mass market purchasers.
    • The group’s core business is in property development in Malaysia – building residential and mixed-use properties that target middle-income mass market purchasers. PHOTO: BLOOMBERG

    SHARES of Malaysian property developer Aspen (Group) soared 55 per cent on Thursday (Dec 29) morning to reach a three-month high of S$0.053, before easing slightly to S$0.049 at 9.56 am.

    Data from the Singapore Exchange portal showed more than 19 million shares changing hands in the morning.

    This prompted Singapore Exchange Regulation to issue a query asking if the company was aware of any information not previously announced which may explain the surge, or any other explanations for the “unusual volume movements” in its shares.

    Hot Stockaspen

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