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Pump and dump?
Feb 10, 2021
SGX Listed Stock
KTL GLOBAL LIMITED (SGX:EB7)
SGD 0.092
+0.045 / +95.74%
Share Price as of: 2021-02-10 17:16
Market / ISIN Code: SGX Mainboard / SG1W37938998
Sector / Industry Group / Industry: Industrials / Capital Goods / Trading Companies and Distributors
Feb 09, 2021
SGX query
80% spike in KTL Global's share price triggers SGX query
Felicia Tan Published on Tue, Feb 09, 2021 / 5:26 PM GMT+8 / Updated 8 hours ago
KTL Global, on Feb 9, received a query from the Singapore Exchange Regulation (SGX RegCo) after its shares spiked to 4.9 cents, 2.3 cents or 88.5% higher than the 2.6 cents at last close.
In its statement posted at 4.21pm, the market regulator asked the offshore services firm to announce any information that may have brought about the spike in share price.
SGX RegCo also asked KTL Global to confirm its compliance with the listing rules in the same statement.
KTL Global was last featured in the news when its former CEO, Wilson Tan Kheng Yeow, was charged for cheating the company’s own subsidiary of some $1.5 million in October 2020.
See: Former CEO of KTL Global charged for cheating own subsidiary and false trading
In August 2018, the company’s executive chairman, Tan Kheng Kuan, received a letter from the Commercial Affairs Department (CAD) with regard to a possible criminal offence.
See also: KTL Global's executive chairman interviewed by CAD on possible criminal offence
Shares in KTL Global closed 2.1 cents higher or 80.8% up at 4.7 cents on Feb 9.
https://www.theedgesingapore.com/news/sgx-query/80-spike-ktl-globals-share-price-triggers-sgx-query
Feb 10, 2021
SGX Listed Stock
KTL GLOBAL LIMITED (SGX:EB7)
SGD 0.092
+0.045 / +95.74%
Share Price as of: 2021-02-10 17:16
Market / ISIN Code: SGX Mainboard / SG1W37938998
Sector / Industry Group / Industry: Industrials / Capital Goods / Trading Companies and Distributors
Feb 09, 2021
SGX query
80% spike in KTL Global's share price triggers SGX query
Felicia Tan Published on Tue, Feb 09, 2021 / 5:26 PM GMT+8 / Updated 8 hours ago
KTL Global, on Feb 9, received a query from the Singapore Exchange Regulation (SGX RegCo) after its shares spiked to 4.9 cents, 2.3 cents or 88.5% higher than the 2.6 cents at last close.
In its statement posted at 4.21pm, the market regulator asked the offshore services firm to announce any information that may have brought about the spike in share price.
SGX RegCo also asked KTL Global to confirm its compliance with the listing rules in the same statement.
KTL Global was last featured in the news when its former CEO, Wilson Tan Kheng Yeow, was charged for cheating the company’s own subsidiary of some $1.5 million in October 2020.
See: Former CEO of KTL Global charged for cheating own subsidiary and false trading
In August 2018, the company’s executive chairman, Tan Kheng Kuan, received a letter from the Commercial Affairs Department (CAD) with regard to a possible criminal offence.
See also: KTL Global's executive chairman interviewed by CAD on possible criminal offence
Shares in KTL Global closed 2.1 cents higher or 80.8% up at 4.7 cents on Feb 9.
https://www.theedgesingapore.com/news/sgx-query/80-spike-ktl-globals-share-price-triggers-sgx-query
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