CEFC International says the unusual trade volume it experienced yesterday may be explained by several previous announcements made to the Singapore Exchange (SGX).
These announcements refer to the petrochemical products trader's 3Q results, corporate presentation materials and a further clarification in response to a previous SGX query.
In response to SGX's query yesterday, CEFC International says it has "internally" narrowed down the potential investment projects, where one of the projects involves a potential acquisition of a "vertically integrated energy company".
The company says it has engaged professional consultants to assist with the preliminary due diligence work.
CEFC International also says that it is still in ongoing negotiations to form potential joint ventures and investments or fund raising activities. No definitive terms have been agreed at this stage.
The company is not aware of any other "possible explanation" for the unusual trade volume.
Shares of CEFC International ended higher at 38 cents with some 7.9 million shares traded.
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These announcements refer to the petrochemical products trader's 3Q results, corporate presentation materials and a further clarification in response to a previous SGX query.
In response to SGX's query yesterday, CEFC International says it has "internally" narrowed down the potential investment projects, where one of the projects involves a potential acquisition of a "vertically integrated energy company".
The company says it has engaged professional consultants to assist with the preliminary due diligence work.
CEFC International also says that it is still in ongoing negotiations to form potential joint ventures and investments or fund raising activities. No definitive terms have been agreed at this stage.
The company is not aware of any other "possible explanation" for the unusual trade volume.
Shares of CEFC International ended higher at 38 cents with some 7.9 million shares traded.
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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