QT Vascular shares see sell-off after proposed reverse takeover falls through

Singapore

QT Vascular's (QTV) share price lost ground amid active trading on Monday, after the Catalist-listed medtech company announced that a proposed reverse takeover involving a Mongolian mining and energy firm had fallen through.

The stock lost 0.3 Singapore cent or 33.3 per cent to trade at 0.6 cent as at 10.01am. It closed at 0.7 cent, down 0.2 cent or 22.2 per cent from Friday's close, after about 190 million shares changed hands.