SGX RegCo urges caution in trading of Sevak shares

Singapore

SINGAPORE Exchange Regulation (SGX RegCo) on Thursday urged investors and potential investors to exercise caution when trading shares of IT solutions company Sevak Limited.

In an announcement, it noted that the share price of Sevak had climbed steadily from S$2.51 on Sept 17, 2018 to S$4.05 on Oct 19, 2018, a meteoric rise of S$1.54 or 61 per cent, despite a general decline in the broader market.