14-11-2013, 01:18 PM
(14-11-2013, 12:36 PM)specuvestor Wrote: First disclosure to start the ball rolling:
Edge Malaysia: AMMB makes RM40m provision for trading at Singapore unit
2013-11-13 02:05:49.841 GMT
http://www.theedgemalaysia.com/business-...-unit.html
PageExcerpt:
KUALA LUMPUR: AMMB Holdings Bhd said it is making a RM40 million provision
for some RM120 million “gross exposure” the clients of its Singapore unit
had on the trading of Blumont Group, Asiasons Capital and LionGold Corp
Ltd, making it the first to do so. This sparks questions on who will be next to volunteer information
(earlier market had speculated RM384m loss for AM fraser)
US based interactive BROKERS GROUP's CEO Thomas Peterffy, on 15 Oct reportedly said it had some US$68 million of accounts in deficit on the trading of the 3 stocks.
The Edge BIG BOSS had earlier said 70m-80m SGD.