Hot stock: Qian Hu jumps 24% to 7-year high after news of leadership changes
Kenny Yap to step down as executive chairman at the end of the year and will be replaced by his nephew, chief executive Yap Kok Cheng
SHARES of Qian Hu rose on Monday (Oct 7) to reach a seven-year high after the company announced last week that its executive chairman Kenny Yap will retire at the end of the year.
The counter rose S$0.036 or 24.3 per cent to S$0.184 after 11,000 shares changed hands shortly after the market opened. This is higher than the stock’s average volume of 2,807 securities.
The last time the counter had reached such levels was in March 2017, when it traded above S$0.18.
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