Koyo nosedives after SGX's trading caution

Singapore

SHARES of Catalist-listed engineering services provider Koyo International on Monday crashed S$0.284 or 84 per cent to S$0.056 in heavy trading volume of 27.5 million shares after the Singapore Exchange (SGX) on Friday warned the investing public to be careful when trading in Koyo's shares.

"The share price of Koyo remained steady to higher from 26 Oct 2015 to 14 Jan 2016 despite the decline in the broad market during this period," said SGX.