SGX declares 3 new designated securities

Trading restrictions for Asiasons, Blumont and LionGold.

Singapore Exchange (SGX) will lift the suspension ofsecurities in Asiasons Capital Limited (Asiasons), Blumont Group Ltd and its related securities (Blumont), and LionGold Corp Ltd and its related securities (Liongold) on Monday, 7 October 2013, at 8.30am.

SGX also concurrently declares Asiasons, Blumont, and LionGold Designated Securities with a couple of trading restrictions. First, there will be pohibited sale of shares unless the seller holds the Designated Securities in the quantity to be sold. And second, there will be prohibited purchase of shares unless the buyer makes cash payment at the time of order execution.

SGX will continue to monitor the trading of these designated securities and review the circumstances in due course to end the declaration.

As stated in the SGX Securities Trading Rules, SGX may declare publicly a listed or quoted security to be a "Designated Security" if, in its opinion, there has been manipulation of the security, excessive speculation in the security, or it is otherwise desirable in the interests of markets established or operated by SGX-ST.

When a security (or counter) is designated, SGX may impose conditions it deems necessary to protect the interest of the market.

Also Read

COTD: APAC deal volume falls 6.8% amidst economic uncertainties and tensions

Securitisation seen as key for Singapore developers to enhance returns

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit