SGX issues 'trade with caution' warning on Civmec

SINGAPORE Exchange (SGX) on Wednesday morning issued a "trade with caution" regarding Civmec Limited, an investment holding company that provides heavy engineering and construction services to resources and infrastructure sectors in Australia.

The caution comes after SGX issued a query on Tuesday regarding Civmec's substantial decrease in share price by 20.7 per cent between March 13 and 17.

Civmec had responded on the same day that it was not aware of any reasons that could possibly explain the trading in its securities.

SGX said in view of the trading activities observed and Civmec's response, shareholders and potential investors should exercise caution in dealing with the securities. As at 10.04am, the counter fell two Singapore cents to S$0.48.