While reading through the online market related articles, one of the following article headline caught my eyes : "Shares of Singapore’s Jaya Holdings jump 20%". After pursuing the article and other online resources related to Jaya Holdings (J10), I have more questions than answers.
OK! Following are some facts that I've gathered and my associated doubts:
1. The company official website has been replaced with a statement like this : "The disposal of all of Jaya Holdings Limited’s subsidiaries to Mermaid Marine Australia was completed on 4 June 2014". At the time of my writing, the stock is still actively traded with high volume. My doubt : Does it means that Jaya Holdings is going to be delisted from the SGX from 4 June 2014 onward? If no (i.e. we can still trade the Jaya stock in future), how do we evaluate it?
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