CFM Holdings triggers SGX query after share price climbs 33%

CFM Holdings' share price climbed to a high of 31.3 cents on June 10, up 33.2% from its previous close of 23.5 cents.

CFM Holdings has triggered a query from the Singapore Exchange Regulation (SGX RegCo) after its share price climbed to a high of 31.3 cents on June 10, up 33.2% from its previous close of 23.5 cents.

The query came in at 4.52pm, with SGX RegCo asking CFM Holdings to declare any information or possible explanation for the share price movements.

It also asked CFM Holdings to confirm whether it was in compliance with the listing rules.

CFM Holdings' boost in share price came on the back of high trading volume. The counter saw 70.3 million shares traded, making it the second-highest traded stock on the SGX.

Shares in CFM Holdings closed 7.5 cents or 31.9% higher at 31 cents on June 10.