SGX declares 3 new designated securities

Trading restrictions for Asiasons, Blumont and LionGold.

Singapore Exchange (SGX) will lift the suspension ofsecurities in Asiasons Capital Limited (Asiasons), Blumont Group Ltd and its related securities (Blumont), and LionGold Corp Ltd and its related securities (Liongold) on Monday, 7 October 2013, at 8.30am.

SGX also concurrently declares Asiasons, Blumont, and LionGold Designated Securities with a couple of trading restrictions. First, there will be pohibited sale of shares unless the seller holds the Designated Securities in the quantity to be sold. And second, there will be prohibited purchase of shares unless the buyer makes cash payment at the time of order execution.

SGX will continue to monitor the trading of these designated securities and review the circumstances in due course to end the declaration.

As stated in the SGX Securities Trading Rules, SGX may declare publicly a listed or quoted security to be a "Designated Security" if, in its opinion, there has been manipulation of the security, excessive speculation in the security, or it is otherwise desirable in the interests of markets established or operated by SGX-ST.

When a security (or counter) is designated, SGX may impose conditions it deems necessary to protect the interest of the market.