SGX cautions potential investors in Ossia International securities

Warning prompted by unusual trading activities.

Singapore Exchange Securities Trading Limited (SGX-ST) alerted potential investors to the recent query SGX-ST issued to Ossia International Ltd on 2 April 2014 regarding the substantial increase in its share price by 20.7% on 2 April 2014.

The issuer has responded on 2 April 2014 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.

We also wish to highlight that this is the 2nd query on unusual trading activities in the shares of Ossia International Ltd in the past 3 months.

The Exchange promised that it will investigate all possible transgressions and will work with the relevant regulatory agencies to pursue actions "to maintain a fair, orderly and transparent market."