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How much money did broking houses and investors lose when Blumont, Asiasons Capital and Liongold shares were suspended and subsequently declared designated securities by the SGX ?
By Kevin Scully-Financial Blog  •  October 24, 2013
How much money did broking houses and investors lose when Blumont, Asiasons Capital and Liongold shares were suspended and subsequently declared designated securities by the SGX ? Thursday, 24 October, 2013  1:4 PM
Posted by Kevin Scully

What are the realised losses from the collapse of these three stocks ?

Now that the saga of the suspension of Blumont, Asiasons Capital and Lion Gold is over, the stockbroking industry and investors are left licking their wounds.  Nobody knows the exact figure which I am sure will be a closely guarded secret.

The market is rife with rumours about potential losses of broking houses and investors with some suggesting that losses for the stockbroking companies were in the hundreds of million S$s while others are suggesting that the figures range from S$10-50mn per broking house.  Nobody knows but I am sure the MAS and the regulators will be checking on the financial ...

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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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