SGX RegCo flags unusual trading in 9R shares, advises caution

Its shares rose 48.7% from June to August.

The Singapore Exchange Regulation (SGX RegCo) has advised investors and potential investors to exercise caution when trading shares of 9R Limited (9R).

According to the regulator, the karaoke chain's shares rose 48.7% from $0.039 on 4 June to $0.058 on 14 August 2024, despite the FTSE Catalist Index declining.

After 9R reported a half-year loss, its share price also remained stable.

SGX RegCo’s review revealed that 85% of buy trades were concentrated in a few accounts, indicating possible connections among multiple clients.

SGX RegCo said it will continue monitoring the trading of 9R shares and take necessary actions, including referral to statutory authorities if warranted.

Follow the link for more news on

SGX RegCo

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia