I read the reports that the probe into the Blumont, Asiasons and LionGold (“BAL”) stocks saga has now involved the Commercial Affairs Division (CAD). When this news was announced on 2nd April 2014, the stock price of these three beleaguered stocks continued to head south even further. The report did not provide information on the earlier probe into these three stocks by the Singapore Stocks Exchange (SGX). Hence I did not know whether the CAD has taken over from the SGX the probe into these three stocks or whether the CAD’s probe is independent from the SGX probe.
It has been really quite some time since the SGX convened the probe into these three stocks. Regardless whether the probe by SGX has been taken over by CAD or not, as an investor, I would like SGX to release the results of its probe as SGX is the stocks markets regulator ......