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
Add BT as a preferred source
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.
TRENDING NOW
Canada’s fight with the US has far bigger stakes than trade
Can Bali swop beach capital for global capital without the skyscrapers?
Stripe’s Apac business should grow faster than any other region, says its chief revenue officer
What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief
