Libra Group calls for trading halt pending announcement
LIBRA Group requested a trading halt on Thursday morning, pending the release of an announcement, it said just before the market opened.
The counter closed at 5.1 Singapore cents on Wednesday, down 0.6 cent, or 10.5 per cent. The day prior, the counter closed at 5.7 cents, down 0.1 cent or 1.7 per cent.
On Monday, the mechanical and electrical engineering firm led active volumes, gaining 11.54 per cent or 0.6 Singapore cent to close at 5.8 Singapore cents on 48.7 million shares traded. On July 19, its shares were up 92.6 per cent or 2.5 cents, closing at 5.2 cents.
The group, on Tuesday, announced the reconstitution of its board following the resignation of Gn Jong Yuh Gwendolyn as independent director, chairman of the remuneration committee, and member of the audit committee and nominating committee - to focus on her work commitments and pursue other interests.
It also appointed Goh Keng Haw as independent director to take over Ms Gn's duties. Mr Goh is the managing director of law firm Foxwood LLC, according to a regulatory update.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
DBS customers unable to log into digibank, PayLah! on Thursday
US: Wall St opens higher after Fed leaves interest rates alone