MISCELLANEOUS :: TRADE WITH CAUTION
* Asterisks denote mandatory information
Name of Announcer *
SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Company Registration No.
197300970D
Announcement submitted on behalf of
SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Announcement is submitted with respect to *
NEO GROUP LIMITED
Announcement is submitted by *
SURVEILLANCE
Designation *
SGX-ST
Date & Time of Broadcast
21-Mar-2014 08:26:44
Announcement No.
00018
ANNOUNCEMENT DETAILS
Announcement Title *
TRADE WITH CAUTION
Description
Singapore Exchange Securities Trading Limited (SGX-ST) wishes to draw the markets attention to the recent query SGX-ST issued to Neo Group Limited (the Issuer) on 20 March 2014 regarding the substantial decrease in its share price by 18.1% between 19 and 20 March 2014. The Issuer has responded on 21 March 2014 that it was not aware of any reasons that could possibly explain the trading in its securities. In its response, the company added that they would be releasing its full unaudited financial results for the financial year ended 31 January 2014 on or about 27 March 2014 .
In view of the trading activities observed and the Issuers response, shareholders and potential investors should exercise caution when dealing in the securities.
The Exchange will investigate all possible transgressions and will work with the relevant regulatory agencies to pursue actions to maintain a fair, orderly and transparent market.
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