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Tuesday, October 8, 2013

Blumont, Asiasons plunge in flat Singapore market


Shares of Singapore diversified holding company Blumont Group and investment firm Asiasons Capital plunged on Monday after their trading suspensions were lifted.

Blumont shares tumbled as much as 87% with more than 87 million shares traded, 5.7 times the average full-day volume over the past 30 days. Asiasons shares dropped more than 90% with more than 64 million shares changing hands, 8.4 times the average volume.

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