OKH recovers 20% after collapse

Singapore

SHARES of industrial property developer OKH Global recovered 20 per cent, or 1.4 Singapore cents, to 8.5 cents on Tuesday, a day after a spectacular collapse triggered by the forced sale of shares pledged to private banks.

Some 287 million shares worth S$24 million were traded, propelling the counter to become the top stock traded on Singapore Exchange (SGX) by volume, and one of the top 20 by value traded.

Contacted on Tuesday evening, OKH chief financial officer Francis Lee told The Business Times: "The forced sa…