Dyna-Mac responds to SGX query on unusual trading activity

DYNA-MAC Holdings said in response to a query from Singapore Exchange (SGX) it is unaware of any information concerning its company, subsidiaries or associated companies which might explain the unusual trade volume movements in its shares on Monday.

The offshore engineering company's shares rose by 1.9 Singapore cents to 17.5 Singapore cents as at 11.55am, with some 10.47 million shares transacted.

Dyna-Mac announced in February it is expected to report a net loss for the fourth quarter and cumulative loss for the full year of 2015, mainly attributable to the impairment of long outstanding receivables.