Hot stock: OKH Global suspends trading
OKH Global opened trading on Wednesday morning at 52.5 Singapore cents before dropping to a low of 35.0 Singapore cents. 548,000 shares changed hands before the company requested a trading halt.
The Singapore Exchange issued a query to OKH on its trading activity at 10.48am before the company requested a trading halt at 11.20am.
The investment holding company, which engages in property development and integrated construction activities in Singapore, posted a net loss of S$2.1 million for the second quarter ended December. Revenue for the quarter was S$3.33 million, compared with S$230.2 million a year ago. Overall, the group registered a net loss of S$7.8 million in the first half of FY2016, due mainly to the absence of completed properties.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%