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Hot stock: Sino Construction halves on heavy trading

Tuesday, March 3, 2015 - 09:48

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SINO Construction shares tumbled early on Tuesday, losing 48.7 per cent, or six Singapore cents, to trade at six Singapore cents as at 9.32am.

SINO Construction shares tumbled early on Tuesday, losing 48.7 per cent, or six Singapore cents, to trade at six Singapore cents as at 9.32am.

With 16.3 million shares traded, it was the second most active counter by volume in the morning.

The last announcement by Sino Construction was on Feb 28 when the construction and engineering company warned that it expects a net loss for 2014 and said that it had received a one-month extension to report its results as new management needed more time to finalise the financial statements.

Sino Construction has until April 1 to report its 2014 results.

sentifi.com

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