TIH says change of control talks and OUE correlation could explain Tuesday unusual trading activity

SINGAPORE (March 22): TIH, the publicly listed private equity fund, says ongoing discussions involving a change of control of the company could be a reason for the unusual trading activity of its shares on Tuesday.

Another explanation could be recent strong performance of the share price of OUE property group which TIH says is closely correlated to its own share price.

The remarks were made in response to a regulatory query by the Singapore Exchange to the company at 4.19pm during Tuesday’s session which saw the stock close the day 10 cents or 16.8% higher at 69.5 cents on 540,200 shares traded.

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