Creative Technology Ltd (OTC:CREAF)

The stock surged 71 percent to S$4.15, after rising as much as 86 percent to S$4.50 earlier, with 69 times more shares traded than the average daily volume over the past six months. Creative began trading on the Nasdaq exchange in the U.S. in August 1992.

Creative unveiled a platform called HanZpad, a new media processor named ZMS-40 and a Chinese operating system, according to a statement after the market closed yesterday. The Singapore- based company said the tablet computer platform is focused on the Chinese market, where it wants to take advantage of the government’s aim to embrace “digital textbooks, digital classrooms and the digital school bags” in the education system.

“If Creative gets the right partners in China, who have good relationships with the local education sector and the government, it might be able to create a niche for itself in China’s highly competitive tablet market,” said Bryan Ma, a Singapore-based analyst at IDC.