Trans-China Automotive Responds to Trading Activity Query; Shares Up 17%

MT Newswires07-23

Trans-China Automotive (SGX:VI2) has responded to a query from Singapore Exchange Securities Trading regarding recent trading activity, according to a Monday filing on the Singapore Exchange.

The company stated it is unaware of any undisclosed information that could explain recent fluctuations in trading volume or share price.

It is not engaged in any merger, acquisition, or investment discussions.

Trans-China Automotive noted recent reports suggesting that major automakers, including BMW, are withdrawing from the price war in China's automotive sector, which might influence market activity, as per the filing.

The company's shares surged almost 17% in recent Tuesday trade.

Price (SGD): S$0.09, Change: S$+0.01, Percent Change: +16.46%

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