Sino Prosper (HKG: 0766)


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The Motley Fool Singapore has posted that Blumont Group (SGX: A33), Asiasons Capital (SGX: 5ET), and LionGold Corp (SGX: A78) – were suspended from trading by the Singapore Stock Exchange after experiencing falls of 40% to 60% that were preceded by rapid increases in their share prices.

Since then, the trading suspensions have been lifted. But, the carnage has continued.

Sino Prosper State Gold Resources Holdings Ltd (HKG: 0766) has had a parallel experience under Chairman Leung Ngai Man. One wonders if the current review by the Hong Kong Stock Exchange will follow the same course as the investigation by the Singapore Stock Exchange authorities?

Two parallel stories with a common thread........Motley Fool suggests that 'while there can be many technical reasons for the collapse in share prices for those four companies – conspiracy theorists might even point to price manipulation'!

Will Hong Kong follow Singapore’s lead? For the sake of investor confidence, one can only hope.
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