General Announcement::SGX urges caution when dealing in Koyo International Limited shares

Issuer & Securities

Issuer/ Manager
KOYO INTERNATIONAL LIMITED
Securities
KOYO INTERNATIONAL LIMITED - SG1X69942156 - 5OC
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
15-Jan-2016 17:54:56
Status
New
Announcement Sub Title
SGX urges caution when dealing in Koyo International Limited shares
Announcement Reference
SG160115OTHR39NU
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 shares of Koyo International Limited (Koyo).

The share price of Koyo remained steady to higher from 26 October 2015 to 14 January 2016 despite the decline in the broad market during this period.

SGX's review of the trades in Koyo showed that a small group of individuals was responsible for 60% of the trading volume of Koyo shares during this period, of which at least half of these trades were due to this group of individuals buying and selling among themselves.

On 13 January 2016, SGX queried Koyo on the unusually high volume of trading of its shares that day, and the company responded on 14 January 2016. Please refer to the attachment in this announcement which details Koyo's response to SGX's query.

SGX is working with the relevant regulatory agencies on the matter.

Today's announcement on Koyo shares is the first "Trade with Caution" (TWC) alert following SGX's enhancement of the TWC warnings to make them more detailed and targeted.

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Attachments

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