Sino Construction halts trading

Singapore

TRADING in shares of Sino Construction was halted on Friday at the request of the company. The morning call for the immediate halt was made "pending the release of an announcement".

The stock last traded at S$0.029 on March 26, a far cry from the levels of up to S$0.30 in February. The downward spiral in March followed an announcement in February of its cancellation of the acquisition of Sydney-listed Guildford Coal and the issue of a profit warning.