KS Energy shares plummet as chairman and son face CAD probe
Investigations into potential breach of Securities and Futures Act
Singapore
KS ENERGY'S shares plunged on Monday to a new 52-week low on news that its executive chairman and its executive director are facing investigations by the Singapore white-collar crimebuster for a potential breach of the Securities and Futures Act.
The counter opened at S$0.076 on Monday, down 0.8 cent, but closed two cents or 23.8 per cent lower at a 52-week low of S$0.064. Close to 447,000 shares changed hands compared with its three-month average trading volume of 30,000 shares.
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
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
US: Stocks rally after strong tech results