Hotel Property (Hotel Properties Limited) stocks have recently experienced abnormal trading, and the Singapore Exchange has asked about the reasons for this.

Hotel Real Estate is controlled by local hotel and real estate tycoon Wang Mingxing (79 years old), who was involved in Yi Huaren's corruption case in 2023. The company earlier announced that Wang Mingxing resigned from his position as managing director of the group and no longer sought re-election as a director, which will take effect after the end of the annual shareholders' meeting on April 29.

SGX asked a question on Friday (May 16) morning to ask hotel property to explain why stocks are trading abnormally. As of 10 a.m. Friday, the company's stock price rose 5.32% to 4.55 yuan. The stock price has risen by more than 24% in the past five days.