Asiasons Capital tumbles, requests trading halt continue

PHOTO: Asiasons Capital tumbles, requests trading halt continue

SINGAPORE - The share price of Singapore-listed Asiasons Capital Ltd dropped as much as 90 percent to S$0.17  after a  trading halt was lifted on Monday.

Singapore Exchange Ltd suspended trading in Asiasons and LionGold on Friday, along with Blumont Group Ltd after a plunge in their share prices.

Blumont shares resumed trading, down 81 percent to S$0.167.

Asiasons Capital Ltd requested on Monday that trading in its shares remain halted.

Asiasons followed LionGold Corp in asking for trading halt due to a pending announcement.

LionGold Corp requested on Monday that trading in its shares continue to be halted.

LionGold said in a stock exchange filing that it had requested the trading halt due to a pending announcement.

Singapore Exchange Ltd suspended trading in LionGold on Friday, along with Blumont Group Ltd and Asiasons Capital Ltd after a plunge in their share prices. The bourse said on Sunday that it would allow trading in those stocks to resume subject to restrictions including a ban on short selling.