SGX halts trading in shares of Blumont, Liongold and Asiasons after price plunges
The Singapore Exchange (SGX) suspended trading in the shares of Blumont, Liongold and Asiasons Capital within minutes of each other, just one hour after the market opened on Friday.
The suspensions come shortly after the SGX issued queries to the three companies to ask them to explain a sudden large decrease in their share prices.
"SGX-ST has exercised its authority to temporarily suspend trading in the shares of Blumont Group and its related securities with immediate effect," the bourse said.
"This is to safeguard the interests of the market as there could be circumstances that would result in the market not being fully informed."