Aug 23, 2016

    3 companies issued SGX trading queries

    THREE firms - Best World International, LionGold Corp and Broadway Industrial Group - were queried by Singapore Exchange (SGX) yesterday 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 $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.

    Earlier this month,

    the manufacturer of precision-machined components and provider

    of engineered foam solutions reported dismal second-quarter results,

    with a 95.3 per cent slump

    in net profit to $215,000.

    It was hit by lower gains on financial derivatives

    and foreign-exchange losses.