Shares of Ong Beng Seng’s HPL Jump over 9%; Company Says It’s Unaware of Reason for Intraday Spike

Shares of Ong Beng Seng’s HPL jump over 9%; company says it’s unaware of reason for intraday spike

The stock sharply pared its gains in the afternoon, closing up 2.3 per cent at $4.42. Read more at straitstimes.com.

SGX queries HPL over share price surge amid Ong Beng Seng’s legal case and leadership exit

SINGAPORE: Hotel Properties Limited (HPL) experienced a notable rise in share price on 16 May 2025, climbing as much as 9.3 per cent to S$4.72 during morning trade. The counter closed the midday session up 8.8 per cent at S$4.70, with approximately 388,000 shares traded. This activity marks a significant spike compared with HPL’s typical trading volumes and followed a similar upward trend that began on 15 May. In response, Singapore Exchange Reg…

HPL surges 5%; SGX RegCo requests explanation

Shares of Hotel Properties Ltd (HPL) climbed as high 5.3 per cent in morning trading on Friday (May 16), prompting queries from Singapore Exchange Regulation (SGX RegCo) for the company to explain the surge.