Hot stock: SGX RegCo queries Nanofilm for unusual price movements after shares jump 10%
The group highlights recent subsidiary news as a possible explanation for the trading
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NANOFILM Technologies will resume trading on Thursday (Jul 11) following a halt called on Wednesday afternoon after the group received a query from the Singapore Exchange Regulation (SGX RegCo) for “unusual price movements” in its shares.
Responding to the query, Nanofilm flagged a recent press statement on its subsidiary’s partnership with a Chinese fuel cell company as a possible explanation for its trading.
The subsidiary, Sydrogen Energy, had entered into an exclusive collaborative partnership with Shanghai Hydrogen Propulsion Technology to develop a 250 kilowatt hydrogen fuel cell power module system for use in the shipping industry.
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