Petrochemical and fuel oil trader CEFC International was queried by
the Singapore Exchange (SGX) on Tuesday afternoon about the unusual
trading activity in its shares. The query came after the counter shot up 80 per cent, or S$0.08, to
finish at S$0.18 on Monday. About 127.5 million shares were traded,
drawing the attention of market watchers.
Asking whether the company knew of any information that might explain
the price spike, SGX noted that this was the second trading query
issued to CEFC in the past month. The company had been queried on July 13, also about the unusual price and volume movements in its shares that day.
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