Technology firm Trek 2000 International climbed as much as 56 percent on Monday after its shares resumed trading on the Singapore Exchange.
Trek's Chief Executive Officer Henn Tan, Former Executive Director Poo Teng Pin and Former Chief Financial Officer Gurcharan Singh gave undertakings to the company and the SGX that they will observe a moratorium on the trading of all their shares.
The moratorium will be observed until forensic accountant RSM Corporate Advisory has released the full report on the phase 2 review to the company's board.
Trek 2000 International is under the second phase of review of suspicious transactions which may require further investigation, after RSM have completed the interested person transactions inquiry report.
Earlier in Juy, RSM had highlighted certain potential breaches of duties by Tan, Poo and Singh. They were also among those questioned by the Commercial Affairs Department in relation to its investigations.
At 0525 GMT, shares were up 32 percent at S$0.245, with about 2.6 million shares changed hands. The company has a market capitalisation of about S$82 million.
The company had suspended trading of its stock on April 27, 2016 after its auditors EY found issues while auditing its financial statements for the 2015 financial year.
