SGX cautions potential investors in Ossia International securities

Warning prompted by unusual trading activities.

Singapore Exchange Securities Trading Limited (SGX-ST) alerted potential investors to the recent query SGX-ST issued to Ossia International Ltd on 2 April 2014 regarding the substantial increase in its share price by 20.7% on 2 April 2014.

The issuer has responded on 2 April 2014 that it was not aware of any reasons that could possibly explain the trading in its securities.

In view of the trading activities observed and the issuer's response, shareholders and potential investors should exercise caution when dealing in the securities.

We also wish to highlight that this is the 2nd query on unusual trading activities in the shares of Ossia International Ltd in the past 3 months.

The Exchange promised that it will investigate all possible transgressions and will work with the relevant regulatory agencies to pursue actions "to maintain a fair, orderly and transparent market."

Follow the link for more news on

SGX

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