SGX RegCo reviewing China Haida trades

Singapore

THE Singapore Exchange's regulatory arm, SGX RegCo, is urging investors and potential investors to exercise caution when dealing in shares of mainboard-listed China Haida, and is reviewing recent trades in the watchlisted firm's shares, it said in an announcement on Tuesday evening.

SGX RegCo noted that on Dec 16, the on-market volume of China Haida's shares surged to over four million. In comparison, there were only three active trading days in the three months prior, with a total traded volume of 576,000 shares.