Shares of Natural Cool gain heat amid drama

Singapore

ALMOST two weeks after the ouster of all but one director on the board of Natural Cool Holdings, its shares have gained heat, muscling their way to the active list on Tuesday, amid an unfolding drama over the proposed divestment of a stake in oil exploration firm HMK Energy.

The stock surged almost 6 per cent to an intraday high of S$0.16, before cooling off to end the session at S$0.153, up 0.2 cent or 1.3 per cent. More than 37 million shares changed hands, against a three-month average of 13.41 million.