Hot stock: Cordlife rises 19.3% on possible share transaction

SHARES of Cordlife Group hit a three-year high amid heavy trading on Monday (Jun 26) after the company said it was aware of a possible transaction for an offer for its shares.

Its counter rose as much as 19.3 per cent or S$0.08 to trade at S$0.495 as at 11.31 am, with some 1.2 million shares changing hands. The last time the counter closed near this level was on Aug 28, 2019.

No married deals were recorded at the time, ShareInvestor data indicated.