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OKH Global nosedives on forced sale of CEO's pledged shares

Price falls nearly 80% in Monday plunge; financial institutions sell about 120m of CEO's pledged shares

Anita Gabriel

Published Mon, Mar 21, 2016 · 09:50 PM

Singapore

THE rapid descent of OKH Global's stock had confounded market observers on Monday but an announcement later in the evening that close to 120 million shares pledged by its chief executive officer were force-sold shed light on the counter's nearly 80 per cent drop.

According to filings to the Singapore Exchan…

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