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Why does SGX query local companies when there is a surge in stock price?

Why does SGX probe local companies when their stock price surge abnormally? What is the rationale behind this? I dont think this happens in the west?

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    What are your thoughts?

    Tan Wei Ming

    Tan Wei Ming

    08 Jul 2020

    Level 10ยทFounder and Writer at Frugal Youth Invests

    I feel that SGX is protecting retail investors from pump and dump which I agree it is against the rules of SGX.

    PS: learnt it in school but really threw all the knowledge back to my lecturers.

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