Singapore probes penny stocks crash


A general view of the Singapore Exchange building in Singapore. The Singapore Exchange Ltd (SGX) and the MOnetary Authority of Singapore are conducting an extensive review of the activities around Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltd on Oct 4, after sharp declines in their stock prices - Reuters Photo.

SINGAPORE: Singapore's central bank and stock market operator are conducting an extensive review of recent share price volatility in three inter-linked Singapore companies, which wiped out billions of dollars in combined market value from the firms.

Singapore Exchange Ltd (SGX), which is both the market operator and the regulator, suspended trading in shares of Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltd on Oct 4, after sharp declines in their stock prices.

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SGX , MAS , Blumont , penny stocks , controversy

   

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