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SGX trading queries issued to Best World, LionGold, Broadway Industrial
THREE companies - Best World International, LionGold Corp and Broadway Industrial Group - were queried by Singapore Exchange (SGX) on Monday regarding their trading activities.
The query to Best World, for unusual price movements, marked the fifth query from SGX to the group in the past five months. The company had just received in-principle approval for its one-for-four bonus issue, with book closure date to be announced in due course.
At 12.50pm, Best World was up 5 per cent at S$1.77, with 2.13 million shares traded.
LionGold was unchanged at 0.1 cent as it topped the volume chart with hefty trading of 394.1 million shares. One of its directors, Md Wira Dani Abdul Daim, stepped down as non-executive director last week after he was made a bankrupt in Singapore.
Broadway Industrial requested for a trading halt at 12.35pm, after shares surged 23 per cent to 16.6 cents with 2.07 million shares traded. The unusual volume movement drew a query from SGX.
Earlier this month, the manufacturer of precision-machined components and provider of engineered foam solutions reported a dismal second-quarter results, with a 95.3 per cent slump in net profit to S$215,000 as it was hit by lower gains on financial derivatives and foreign-exchange losses.