OKH recovers 20% after collapse
CFO says the company is still operating and that he doesn't see any liquidity issues at this point in time
Singapore
SHARES of industrial property developer OKH Global recovered 20 per cent, or 1.4 Singapore cents, to 8.5 cents on Tuesday, a day after a spectacular collapse triggered by the forced sale of shares pledged to private banks.
Some 287 million shares worth S$24 million were traded, propelling the counter to become the top stock traded on Singapore Exchange (SGX) by volume, and one of the top 20 by value traded.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023