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.