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The company designation status ended by SGX, together with other two.
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Singapore Exchange (SGX) will end the designation of stocks in Asiasons Capital Limited (“Asiasons”), Blumont Group Ltd and its related securities (“Blumont”), and LionGold Corp Ltd and its related securities (“Liongold”) on Monday, 21 October 2013, at 8.30am. Trading in these stocks has since become more stable.
Ref:
http://infopub.sgx.com/FileOpen/20131018...eID=260254
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(25-10-2013, 12:30 AM)BestPrice Wrote: Singapore central bank, SGX launch probe into penny stocks crash
http://www.cnbc.com/id/101140556
A correction, Singapore central bank is MAS, not SGX. An excerpt of news report from The Edge below.
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Singapore’s central bank said it is conducting an extensive review with Singapore Exchange (SGX) of recent share price volatility in three inter-linked Singapore companies, but said the operations and financial positions of broking firms exposed to those stocks remain sound.
“MAS has been closely monitoring the exposure of the broking firms by collecting reports on losses and major counterparty exposure arising from their exposures to the three counters,” the Monetary Authority of Singapore told Reuters in an e-mail response to questions.
“The operations and financial positions of the broking firms remain sound. We will continue to monitor the situation closely.”
...
http://www.theedgesingapore.com/the-dail...crash.html
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Expected motion. Just go thru it , if some guys are found gulity , fine them few thousand and let's move on.
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It's easier to find someone guilty and fine someone than try to fix the underlying structure that allows it to happen.
You can count on the greed of man for the next recession to happen.
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up to now I have not see any meaning punishment meted out on Anthony Soh of Jade fiasco.... as for Ngo from the ei-nets, he died before any judgement......most probably MAS wants God or whatever to have the final verdict ^^
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Blumont and the other 2 associated companies wiped out 8 Billion $ of SGX's investors aka speculators money as reported in ST.-Very scary! Even a retired professor lost about 200K. i wonder how much he has made before this loss?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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26-10-2013, 03:17 PM
(This post was last modified: 26-10-2013, 03:19 PM by pianist.)
Not professor, but professional
This is greed or fear in play and buying on sentiment.
I think sgx has done enough. If there is no loser, there cannot be winner either?
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(26-10-2013, 03:17 PM)pianist Wrote: Not professor, but professional
This is greed or fear in play and buying on sentiment.
I think sgx has done enough. If there is no loser, there cannot be winner either?
i think professor and professional has something in common. They are expert in something.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Most professors I seen are sound investors because they think and think and think again. Hee
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