No Signboard has no idea why shares spiked on Monday, board tells bourse regulator
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CATALIST-LISTED restaurateur No Signboard Holdings is not aware of any undisclosed information or other possible reasons for unusual trading activity on Monday, its board told Singapore Exchange Regulation, after queries from the watchdog in the afternoon.
The counter jumped by 90.32 per cent, or 2.8 Singapore cents, to 5.9 cents at the close, with some 3.99 million shares changing hands.
Kelvin Koh, head of surveillance for the bourse regulator, had flagged "unusual price and volume movements" in No Signboard shares, in a query at 3.15pm.
Mr Koh asked the issuer whether it knew of any explanations for the trading, such as rumours or unannounced information about potential joint ventures or acquisitions.
But the board replied to his questions in the negative on Monday evening, adding that it is in compliance with the relevant Catalist listing rules.
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