Asiasons, Blumont and LionGold were
classified designated stocks due to sharp fall in share prices,
Singapore Exchange CEO Magnus Bocker said at a results briefing
in Singapore.
* Bourse hopes to lift restrictions on the three stocks in due
course, he says
Singapore Exchange (SGX) will end the designation of stocks in Asiasons Capital Limited (“Asiasons”), Blumont Group Ltd and its related securities (“Blumont”), and LionGold Corp Ltd and its related securities (“Liongold”) on Monday, 21 October 2013, at 8.30am. Trading in these stocks has since become more stable.
It is important for market forces to determine share prices in fair and orderly trading. The designation of the stocks and its ending are done in the interest of the investing public and the market.
SGX will continue to monitor closely the trading activities in the marketplace. The investing public is advised to trade with care and caution.
NextInsight
a hub for serious investors
