Two firms queried by Singapore Exchange over sharp movement in share price

SINGAPORE - Ocean Sky International shares soared by as much as 27 per cent to 35 cents. In response to a Singapore Exchange query, Ocean Sky disclosed that it was in discussions with parties in relation to a proposed acquisition of business and a proposed fundraising exercise.

At the opposite end of the scale, Sino Grandness Food was also queried by the exchange after its shares plunged by up to 22 per cent to 99 cents.

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