JAKARTA (Yosefardi) – Shares in Singapore’s Blumont Group Ltd soared 36.9% to S$0.1790 per share this morning, after collapsed over 90% from its peak.
Bluemont has some investment in Indonesia. Signs of the collapse at Bluemont Group have actually been seen in July when the company issued 855 million new shares at S$0.05 per share or a discount of 96.27% to the volume weighted average price (VWAP) of S$1.327 per share on Singapore Stock Exchange (SGX).
Shares of Asiasons also gained 2.59% to S$0.1190 this morning, after falling 22.67% on Tuesday (Oct 8).
Meanwhile shares of LionGold Corp Ltd dropped further 9.47% to S$0.1720, after losing 24% yesterday.
Asiasons is substantial shareholder in Malaysia-based LionGold Corporation, which entered into acquisition of minerals projects all over the world in the past few years.