Corporate digest

Silverlake Axis

RESPONDING to a Singapore Exchange query on the "unusual price movements" of its shares on Aug 21, Silverlake Axis said on Tuesday that "a report, dated 20 August 2015, was recently disseminated online making various allegations regarding the historical performance and operations of the group".

Silverlake said the anonymous report expressly states that "the authors of this report may have short positions in Silverlake Axis Ltd and stand to realise gains in the event that the price of the stock decreases".