Trade with caution on Jaya Holdings, SGX warns
The company is now under investigation.
The SGX has issued a “trade with caution” note on Jaya Holdings, after a substantial increase in its traded volume between 16 and 17 July 2014.
Jaya has responded on Thursday that it was not aware of any reasons that could possibly explain the trading in its securities.
“In view of the trading activities observed and the Issuer's response, shareholders and potential investors should exercise caution when dealing in the securities. The Exchange will investigate all possible transgressions and will work with the relevant regulatory agencies to pursue actions to maintain a fair, orderly and transparent market,” noted the SGX.