"The purchasing activity of the individual was particularly unusual and aggressive following negative announcements by Dasin regarding the receipt of notices of demand," says SGX RegCo.
SGX RegCo has issued a “trade with caution” alert on units of Dasin Retail Trust, after observing that an "individual" has been buying up units of the trust to "maintain its unit price".
SGX RegCo, citing its review of trading activity, has noted that Dasin’s closing price has stayed in the 8.9 cents to 9.4 cents range between July 17 and Aug 17.
