Singapore

EVEN as Noble Group is still nursing its wounds from scathing attacks, including from a shortseller, software solutions provider Silverlake Axis has become the fourth company on the Singapore Exchange (SGX) in recent history to have become the target of shortselling.

The anonymous report released on Thursday night continued to make its rounds on Friday leading Silverlake's stock to fall by as much as 27 per cent to an intra-day low of S$0.615. This prompted the company to halt its trading immediately at 1.20pm.