SGX questions Tiger Airways’ suspicious trading activity
Tiger’s volume of shares substantially increased, and SGX is left doubtful.
To ensure a fair, orderly and transparent market, SGX posed the following questions:
Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?
- If yes, the information must be announced immediately.
Question 2: Are you aware of any other possible explanation for the trading?
Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703?
Tiger Airways is yet to answer the questions.