Better guidelines needed for lifting of trading halts
WHEN Indonesian coal miner Resources Prima Group (RPG) requested on Thursday last week for its trading halt to be lifted after the company announced it had received two legal letters of demand, the time for trading to resume was seven minutes later.
On June 7, when digital satellite firm AddValue Technologies submitted its request to lift its trading halt after announcing that a major asset sale that had been delayed more than two years looked like it was nearing completion, trading was to resume 14 minutes later.
On July 1, when beauty products maker Best World asked for its trading halt to be lifted after announcing it had been granted a direct selling licence in China, the time for trading to resume was 29 minutes later.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Air China to buy 100 locally made C919 jets in US$11 billion deal
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder