SINGAPORE (Yosefardi) – Singapore Exchange (SGX) will end the designation of stocks in Asiasons Capital Limited, Blumont Group Ltd, and LionGold Corp Ltd 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.
Asiasons gained 18.5% to S$0.128 Friday (Oct 18), Bluemont rose 16.67% to S$0.133, and LionGold increased 6.25% to S$0.153.