OSIM responds to SGX query
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Mindy Tan
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OSIM International chief executive Peter Lee has said he is not aware of any information concerning OSIM or its subsidiaries that might explain its trading on Thursday, in response to a Singapore Exchange (SGX) query.
"There are currently no on-going discussions regarding any joint ventures, mergers, acquisitions or purchases or sales of any significant assets," said OSIM in a statement.
OSIM's counter gained 6.5 Singapore cents or 4.33 per cent as at 3.16pm to S$1.565. A total of 2.97 million shares changed hands.
SGX issued a trade with caution statement: "In view of the trading activities observed and the issuer's response, shareholders and potential investors should exercise caution when dealing in the securities."
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