SGX questions Mermaid Maritime's unusual trading activity

April 6's jump was 27 percent.

Asked to clarify about the unusual volume movements, Mermaid Maritime said “no definitive agreements in relation to any transactions have been entered into by the Company, its subsidiaries or associated companies” and that it is not aware of any information not previously announced which, if known, might explain the trading.

In its response the company also confirmed that they are in compliance with the listing rules of SGX-ST, particularly Listing Rule 703.

See Mermaid Maritime’s full response here.

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