General Announcement::SGX urges caution when dealing in Zhongmin Baihui Retail Group Limited shares

Issuer & Securities

Issuer/ Manager
ZHONGMIN BAIHUI RETAIL GROUP LTD.
Securities
ZHONGMIN BAIHUI RETAIL GRP LTD - SG2C76966531 - 5SR
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Feb-2016 17:13:12
Status
New
Announcement Sub Title
SGX urges caution when dealing in Zhongmin Baihui Retail Group Limited shares
Announcement Reference
SG160205OTHRSM98
Submitted By (Co./ Ind. Name)
SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Designation
SURVEILLANCE
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) urges investors and potential investors to exercise caution when dealing in the shares of Zhongmin Baihui Retail Group Limited (ZMBH).

The share price of ZMBH remained steady from 26 October 2015 to 4 February 2016, despite a decline in the broad market. In particular, despite the STI falling 11.25% between 4 January 2016 and 4 February 2016 (relevant period), ZMBH's share price remained relatively stable.

SGX's review of the trades in ZMBH shares during the relevant period showed that a small group of individuals was responsible for over 90% of the on-market buy volume of ZMBH shares. This group of individuals appears to be connected to each other.

SGX is reviewing the trades in ZMBH shares and will take the necessary actions.

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DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.