Stratech: Unaware of any undisclosed information to explain price surge

THE Stratech Group said that it is not aware of any undisclosed information that could explain a surge in its share price on Monday.

"The company is not aware of any such information that are material or price-sensitive concerning the company that was not previously announced," said the IT and technology solutions provider in response to a trading query by the Singapore Exchange (SGX).

SGX had earlier sought clarification from Stratech regarding its shares, which rose 36 per cent, or 0.9 Singapore cent, to close at 3.4 Singapore cents on Monday after 90.6 million shares changed hands. It was the second-most heavily traded stock by volume on the SGX for the day.

Stratech was relisted in April as part of a restructuring of Stratech Systems.