SGX issues 'trade with caution' on Yanlord

SINGAPORE - The Singapore Exchange (SGX) on Tuesday morning issued a "trade with caution" on mainboard-listed Yanlord Land Group, a China-based real estate developer.

The caution comes after SGX issued a query on Monday regarding the substantial increase in its share price by 22.9 per cent between last Thursday and Monday.

Yanlord had responded on the same day that it was not aware of any reasons that could possibly explain the trading in its securities.

SGX said in view of the trading activities observed and Yanlord's response, shareholders and potential investors should exercise caution in dealing with the securities.

Yanlord's stock closed up 11 cents on Monday at $1.28.

As at 9.11am on Tuesday morning, the counter was trading down 1.5 cents at $1.265.

Join ST's Telegram channel and get the latest breaking news delivered to you.