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SGX RegCo issues 'trade with caution' warning on karaoke chain 9R

The Edge Singapore
The Edge Singapore  • 1 min read
SGX RegCo issues 'trade with caution' warning on karaoke chain 9R
A 'few' trading accounts did the bulk of the buying
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SGX RegCo has issued a trade with caution warning on karaoke chain operator 9R, after observing unusual movements of its shares.

The exchange's regulator notes that 9R shares, changing hands at 3.9 cents on June 4, increased by nearly half to 5.8 cents on Aug 14. 

In contrast, the broader small-cap FTSE Catalist Index was down 3.2%.

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