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
...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 ...