Hot stock: OSIM gets queried after stock price tumbles for second day
OSIM International has been queried by the Singapore market regulator after its share price continued to tumble for the second day in a row.
Kelvin Koh, vice president and head of surveillance at the Singapore Exchange, queried the company on the unusual price movements in OSIM's shares recently.
Shares of the company, known for its luxurious massage chairs, fell 4 per cent on Tuesday and another 4 per cent on Wednesday morning.
At 12:30pm on Wednesday, OSIM was trading around S$2.31, down 12 cents, or 5 per cent. More than 3.5 million shares changed hands.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Wilmar appoints former minister George Yeo as independent non-executive director
UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration
Deutsche Bank has cut dozens in Asia private banking overhaul
Middle East violence heightens market fears of rate hikes, inflation
Tokyo's Nikkei drops more than 1,000 points, most in 3 years
Cordlife calls for trading halt after shares sink to all-time low, pending announcement