Hot stock: Lum Chang shares sink on MD’s involvement in Iswaran probe
SHARES of Lum Chang : L19 0% fell more than 10 per cent on Tuesday (Mar 26) after the company revealed that its managing director, David Lum, had “attended several interviews” with the Corrupt Practices Investigation Bureau (CPIB) to assist on the latest charges filed against Singapore’s former transport minister S Iswaran.
As at 9.54 am on Tuesday, Lum Chang had fallen as much as 10.3 per cent or S$0.03 to S$0.26. It later recovered to S$0.285, down S$0.005 or 1.7 per cent, with 50,000 shares transacted as at 11 am.
The counter ended the day at S$0.26, down S$0.03 or 10.4 per cent, with 56,000 shares changing hands. No married deals were recorded, according to ShareInvestor data.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Bank of Singapore takes action against employees for misusing medical benefits
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine