Lifebrandz shares gain in early trading, prompts SGX query

Shares in Lifebranz, which develops and manages brands in lifestyle-related sectors, gained as much as 2 percent to S$0.06 in early trading.

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Shares in Lifebranz, which develops and manages brands in lifestyle-related sectors, gained as much as 2 percent to S$0.06 in early trading.

At 0250 GMT, Lifebrandz was trading at 1.8 percent or 0.1 cent higher than its previous close of S$0.05 cents. Some 21.6 million units had changed hands, making it the third most active stock on the SGX.

The sudden surge in shares prompted a trading query from the Singapore Exchange. The company is yet to respond to the trading query.

In June, the company was issued a similar query after its shares jumped 45.4 percent to S$0.048.

LifeBrandz is a brand development and management Group with interests in lifestyle-related and entertainment sectors. Its brands include fenix room, mulligan's, aquanova, playhouse and hopdog.

Lifebranz stock has lost about 16 percent in an year. The company has a market value of S$11 million.

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