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Thanks for sharing. Its probably another one of pump and dump I think. It is just one of another day that show resemblance of the 3 designated stock yet there is no query by SGX nor any disclosure by management by the sudden price movement.
I am a little puzzled what's the role of SGX. Maybe they should disclosure their parameters for "query" companies. You probably wont see this in matured exchange too.
Apologises. SGX did query, but I suppose these query are useless and it is pretty obvious something is cooking behind the scene.
I am a little puzzled what's the role of SGX. Maybe they should disclosure their parameters for "query" companies. You probably wont see this in matured exchange too.
Apologises. SGX did query, but I suppose these query are useless and it is pretty obvious something is cooking behind the scene.
(16-10-2013, 08:56 PM)kelvesy Wrote: Previous FY, its results were in the red.
Due to:
These were mainly due to the write-off of trade debts of $1.0 million and a further $5.1 million following the settlement of a trade dispute through arbitration as well as a provision for write-off of other debts of $2.0 million. However, after recording its first bottomline loss as a Group this financial year, we are pleased to report that several major relocation projects in the People’s Republic of China (PRC) would be coming on line in FY2014
No announcement pertaining to the fall, not to the knowledge of the management.
Previously its share price tanked too, the management did their daily share buy-back.
Tricky situation. I'd avoid it totally.