SGX queries Stratech as its shares soar 28% in heavy trade
SINGAPORE Exchange on Monday queried Stratech Group after the company's shares soared 28 per cent in heavy trade on Monday.
Stratech hit S$0.032 a share, before easing to trade around S$0.030, up half a cent, or 20 per cent, at 3:15pm.
A staggering 65 million shares changed hands, making Stratech the second-most actively traded stock on the exchange.
The company is the relisted entity of the former IT and advanced technology systems provider, Stratech Systems.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive