SingPost slams SGX queries on unusual share price movement

We’re not hiding information, asserts the Postman.

A volley of queries had been shot at SingPost yesterday, after the Singapore Exchange Securities Trading Limited submitted questions regarding the unusual price and volume movement of SingPost’s shares.

SGX’s main query was whether or not SingPost is aware of any information not previously announced concerning the company or its subsidiaries which, if known, might explain the unusual trading.

“To date, there is no material development which is required to be announced pursuant to the listing manual of the Singapore Exchange Securities Trading Limited. Accordingly, we are not aware of any information not previously announced concerning SingPost or our subsidiaries which may explain the trading activity,” stated the reply from SingPost’s Board of Directors.

Here’s more from the exchange:

Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.

The Company’s Response:
The Company is not aware of any other possible explanation.

Question 3:
Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?

The Company’s Response:
The Company confirms that it is in compliance with the listing rules in the Listing Manual, in particular, listing rule 703.