SINGAPORE (Oct 15): Y Ventures says it is not aware of any information not previously announced to explain why its share prices fell sharply on Monday (Oct 14).
The Catalist-listed e-commerce company also revealed it has started discussions with a counterparty to explore a potential joint venture, in its response to a query by the Singapore Exchange Regulation (SGX RegCo).
However, no definitive terms or formal legal documentation have been agreed on, and no binding agreement signed between the parties, Y Ventures said in its regulatory filing.
The company also confirmed its compliance with the SGX listing rules.
Monday’s 19.6% plunge in Y Ventures’ share price triggered the SGX RegCo query just before market closure.
See: Y Ventures triggers SGX query after shares plunge as much as 19.6%
The counter eventually closed at 11.2 cents, with some 30 million shares traded.
On Tuesday, Y Ventures opened 0.2 cent higher at 11.4 cents before hitting an intra-day high of 12 cents.
As at 3.14pm, its shares are trading 0.6 cent higher at 11.8 cents with 24.5 million shares traded.
