OSIM responds to SGX query

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."