Singapore bourse probes short-selling in Blumont, Asiasons
SINGAPORE (Reuters) - The Singapore Exchange (SGX) said it is investigating the short-selling in shares of Blumont Group and Asiasons Capital on Monday despite the trading curbs imposed on the two stocks.
"There was short-selling in the two designated counters, Asiasons Capital and Blumont Group, on Monday, contrary to the trading directions given to the designated securities," Kelvin Koh, head of SGX's market surveillance unit, said on Thursday.
"We will be investigating these cases and take the appropriate disciplinary actions as necessary," he added.
Under Singapore rules, SGX may declare listed or quoted securities as "designated securities" if it thinks there has been manipulation of the security or excessive speculation.