Singapore Post said that the letter “SingPost saga: Untenable for PwC to stay on as special auditor” published in The Business Times may have caused the surge in trading activity for its shares on Thursday.
The statement was made in response to queries from the Singapore Exchange regarding the unusual trading activity. On Thursday, over 6 million Singpost shares were traded, bringing the postal service company’s shares down by 3.6% or 5 cents, to $1.34 by noon.
In a filing to the Singapore Exchange, Singpost said that there has not been any material development that is required to be announced.
It is also not aware of any information not previously announced which may explain the trading activity, and that it is in compliance with the listing rules.
Singpost shares closed 6.47% lower at $1.30 on Thursday.
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The statement was made in response to queries from the Singapore Exchange regarding the unusual trading activity. On Thursday, over 6 million Singpost shares were traded, bringing the postal service company’s shares down by 3.6% or 5 cents, to $1.34 by noon.
In a filing to the Singapore Exchange, Singpost said that there has not been any material development that is required to be announced.
It is also not aware of any information not previously announced which may explain the trading activity, and that it is in compliance with the listing rules.
Singpost shares closed 6.47% lower at $1.30 on Thursday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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