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Annica, Magnus hurt most by CAD probe

5 other firms linked to share trading probe also suffer price slump

Anita Gabriel
Published Mon, Apr 7, 2014 · 10:00 PM
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SHARES of Annica Holdings and Magnus Energy Group were the worst hit yesterday, shedding between one-fifth and one-third in value, alongside losses in six other related counters involved in the share trading probe by Singapore's white-collar crime buster.

Both companies announced on Friday night that three top executives were questioned by the Commercial Affairs Department and their passports were impounded.

Annica, an investment holding company with business in the sale and trade of oil and gas equipment, tumbled 33 per cent to one cent. The counter resu…

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