Hot stock: OKP plunges 14% after trading halt is lifted

CONSTRUCTION firm OKP Holdings saw its stock price plunge nearly 14 per cent when trading resumed on Monday.

After trading to S$0.340 a share, OKP was trading around S$0.365, down three Singapore cents, or 7.595 per cent by 9.08am.

On Friday morning, OKP's share price fell 3.5 Singapore cents to trade at S$0.395 by the time the trading halt was called.

The company had called a trading halt after an accident at the worksite of its subsidiary Or Kim Peow Contractors claimed the life of one worker and injured another 10.

The accident took place early Friday morning at about 3.30 am near the Pan Island Expressway exit to the Tampines Expressway when a viaduct under construction collapsed.