The Singapore Exchange Ltd suspended trading in three stocks on last Friday, warning the market may not be fully informed of the companies' affairs after a plunge in their share prices, with one falling more than 60 percent.
The bourse first halted trading in diversified company Blumont Group Ltd, whose stock has risen as much as 12 fold this year, after it slumped 56 percent in morning trade. It later suspended gold miner LionGold Corp Ltd and investment company Asiasons Capital Ltd.
Dian Lee's husband Datuk Jared Lim Chih Li is Managing Director, co-founder and substantial shareholder of Asiasons.Datuk Jared Lim, with a combined 49.3% or 483 million shares.with Datuk Mohamed Azlan Hashim.
Asiasons is the biggest investor in LionGold , has an 8.72% stake in LionGold
Dian Lee's Clearwater Development are subtantial shareholder in Blumont Group Ltd with a 6.97% stake or 180 million shares. .
Blumont and LionGold have a non-executive independent director in common.
The SGX also queried recent trading in three other companies, Innopac Holdings Ltd, ISDN Holdings Ltd and ISR Capital Ltd, which all fell sharply on Friday.
Asiasons is the biggest shareholder in ISR, while LionGold has a stake in Innopac.
In an exchange filing, Asiasons said it had been informed that there were "malicious market rumours that a team from the Monetary Authority of Singapore has been sent to the company's office to carry out investigations. The company confirms that such market rumours are false."
Earlier on Friday, Blumont said it had agreed on the terms of a proposed takeover bid of a foreign-listed coal mining company for up to S$146 million.
It had called a news conference for Friday afternoon in Singapore, but then postponed it without giving details.
On Friday evening, LionGold said it was in advanced talks to buy a stake in a gold mining company listed on three foreign stock exchanges, but the unnamed target firm was considering if the acquisition should continue in view of the suspension.
Asiasons Capital Group is an alternative asset investment and management group focused on opportunities in South-East Asia.
LionGold is a gold company with primary concessions in Australia, Ghana and Bolivia. Based on its website, the acquisition of a Canadian gold miner was now pending.
Blumont, meanwhile, invests in minerals and energy.
This is not first time commodity company on SGX being a short seller target. Earlier, Olam International has been short selling by Carson Block of Muddy Water.
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李静霖有关连公司在新加坡跌停板
綠野集團（CHHB）創辦人丹斯里李金友千金 李静霖 有关连公司上星期在新加坡跌停板.
李静霖丈夫Datuk 林杰尔是亚昇投资Asiasons董事经理与联合创始人. Datuk 林杰尔与莫哈末阿茲兰透过亚昇投资管理公司掌握38.4%股权。
亚昇投资Asiansons 在 瑞狮集团LionGold Corp Ltd 有8.72%股份.
Datin 李静霖公司Clearwater Development 在 博诺Blumont Group Ltd 有10.62%股份.
以上三公司亚昇投资Asiansos,瑞狮集团LionGold Corp Ltd与博诺Blumont Group Ltd上星期五在新加坡跌停板.
不过,之前也有其他原产品公司如奥兰国际（Olam International）爆出股票在新加坡股市遭美国卖空集团“狙击”
亚昇投资Asiansons 是ISR Capital Ltd最大股东.瑞狮集团LionGold Corp Ltd 是Innopac Holdings 股东. ISR Capital Ltd 及Innopac Holdings 虽下跌但没停板
Singapore's Asiasons Capital tumbles after lifting of trading halt
狮城3公司暴跌被停牌 多名大马人持有股权
