HOT STOCK ·
Subscribers

Sino Construction dives after profit warning

Singapore

SINO Construction shares plunged 55.8 per cent on Monday, with S$194 million wiped off its market cap within a single trading session. This comes after the company warned investors last Friday of an expected net loss for FY14 and a month-long extension to its financial results release.

Following the mauling, the mainboard counter closed trading at S$0.117, compared to Friday's closing price of S$0.265.

With about 11.5 million shares changing hands on Monday, from a total of 1.31 billion shares,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes