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SGX queries OEL on share trading surge

Stock jumps 12% to an intra-day high of 13.2 cents before closing up 5.1% at 12.4 cents

Published Fri, Dec 27, 2013 · 10:00 PM
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Singapore

AN unusual flurry of interest yesterday in the shares of OEL (Holdings) Limited, formerly known as Oakwell Engineering Ltd, prompted a trading query from the market regulator.

The Singapore Exchange (SGX) noted "a substantial increase in the volume of your (OEL) shares" yesterday and wanted to know why.

OEL was the second most actively traded counter of the day, with 240.6 million shares changing hands.

Its share price shot up some 12 per cent to an intra-day high …

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