Showing posts from May, 2014

New SGX securities market fees take effect on June 1

Investors will be subject to new securities market fees that kick in on June 1.

Yangzijiang shares fall on CEO probe report

Shares in Yangzijiang Shipbuilding (Holdings) tumbled 11 per cent after a report that its chief executive had been reported to Chinese authorities for alleged illegal activities.

Include SingPost and others in any trading probe

News that there may be closer scrutiny of recent trading in the shares of SMRT and ComfortDelgro would be welcomed by many in the market who have been outraged at the way these counters moved before the government’s radical reforms of the transport sector were unveiled last week, reforms which are widely seen as being positive for both companies.

What’s a healthy level of speculation?

There’s a school of thought among some stock market participants that a major factor behind the absence of retail players this year is an overly strict regulatory regime that makes it difficult for activities under the broad umbrella known as “speculation” to flourish.

Manhattan in $1b deal to acquire mining firm Singxin

Acquisition to let it embark on business in China’s mineral mining industry

More punch for SGX’s queries, trade with caution warnings

Magnus executive director under CAD probe resigns

Magnus Energy Group’s executive director, Koh Teng Kiat, whose passport was impounded by Singapore’s white collar crime buster in a probe for possible breaches of securities laws, has stepped down from the firm.

Why did STATS ChipPAC wait to be queried?

Under the existing regulatory regime, the Singapore Exchange’s (SGX) role is mainly to signal caution to the market when it deems this necessary. This is accomplished via various mechanisms, the most familiar being the standard query that is despatched to a company when there is unusual trading in that company’s shares.

MAS takes action against former Maybank relationship manager for insider trading

Former relationship manager at Maybank Singapore branch pays S$50,000 penalty for insider trading.

Another key resignation at LionGold

Beleaguered junior miner LionGold Corp’s chief operating officer Matthew Gill has resigned following a “disagreement over operational matters”.

What is the Singapore market’s USP?

It’s no secret that conditions in the local stock market are poor and have been that way for many months. Liquidity is low, retail brokers are disillusioned with their dwindling income and deteriorating working conditions and the retail public appears to have abandoned the market in droves.

Not much hope in Albedo’s Iskandar deal going through

Current abysmal share price seen as pointing to the deal lapsing in Sept

HanKore shares tumble on news of China Everbright probe

Reports of a corruption probe into the China Everbright group sent shares of HanKore Environment Tech Group tumbling yesterday, casting a shadow over a reverse takeover between the two companies.

Asiasons co-founder pares his stake, retires from board

Mohammed Azlan Hashim

Blumont head steps down amid CAD probe

Blumont Group executive chairman Neo Kim Hock stepped down yesterday just as Singapore’s white-collar crime buster sought more information from the firm.

CAD asks for more data from firms

Blumont Group and LionGold Corp were asked yesterday to provide more documents and accounting records to the authorities investigating the penny stock crash that wiped out billions of dollars in market value last October.

CAD asks Blumont, LionGold for more info as probe continues

The Commercial Affairs Department (CAD) on Tuesday asked Blumont Group, LionGold Corp and at least two other Singapore-listed firms to provide accounting records and other documents to help with ongoing investigations into offences under the Securities and Futures Act.