Company announcements: CosmoSteel

CosmoSteel - General Announcement::TRADE WITH CAUTION

Announcement Type: General Announcement
Company: COSMOSTEEL HOLDINGS LIMITED
Stock Code/Name: B9S - CosmoSteel

General Announcement::TRADE WITH CAUTION

Issuer & Securities

Issuer/ Manager	COSMOSTEEL HOLDINGS LIMITED
Securities	COSMOSTEEL HOLDINGS LIMITED - SG1V08936188 - B9S
Stapled Security	No

Announcement Details

Announcement Title	General Announcement
Date & Time of Broadcast	08-May-2015 08:36:07
Status	New
Announcement Sub Title	TRADE WITH CAUTION
Announcement Reference	SG150508OTHR5HPP
Submitted By (Co./ Ind. Name)	SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Designation	SURVEILLANCE
Description (Please provide a detailed description of the event in the box below)	Singapore Exchange Securities Trading Limited ("SGX-ST") wishes to draw the market's attention to the recent query SGX-ST issued to Cosmosteel Holdings Limited (the "Issuer") on 7 May 2015 regarding the substantial decrease in its share price by 38.55% on 7 May 2015. The Issuer has responded on 7 May 2015 that it was not aware of any reasons that could possibly explain the trading in its securities. In view of the trading activities observed and the Issuer's 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.

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DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.

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