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Curbs lifted off Asiasons, Blumont, LionGold

SGX removes 'designated stocks' label as trading has stabilised; Blumont execs disclose forced selling of their shares

Published Fri, Oct 18, 2013 · 10:00 PM

Singapore

ASIASONS Capital, Blumont Group and LionGold Corp will have their trading shackles removed on Monday, two weeks after the Singapore Exchange (SGX) declared them as designated stocks.

"We are lifting the designation because trading in these stocks has since become more stable," Kelvin Koh, head of market surveillance at SGX, said at a briefing yesterday.

SGX said it is important for market forces to determine share prices in fair and…

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