SGX issues 'trade with caution' warning on Asiatravel.com

Its share price jumped 30.2% in two days.

In a release, Singapore Exchange Securities Trading Limited (SGX-ST) asked to draw the markets attention to the recent query SGX-ST issued to Asiatravel.com Holdings (the Issuer) on 19 March 2014 regarding the substantial increase in its share price by 30.2% between 18 and 19 March 2014.

The Issuer has responded on 19 March 2014 that it is not aware of any reasons other than changes in substantial shareholdings dated 26 February 2014 and 18 March 2014; and their announcement of financial results dated 14 February 2014 that could possibly explain the trading in its securities.

In view of the trading activities observed and the Issuers response, shareholders and potential investors should exercise caution when dealing in the securities.

The Exchange will investigate all possible transgressions and will work with the relevant regulatory agencies to pursue actions to maintain a fair, orderly and transparent market.