blumont response, page-75

This is what was said by Blumont re Share price drop

copy and paste only for those that haven't seen it


RESPONSE TO QUERIES RAISED BY THE SINGAPORE EXCHANGE SECURITIES TRADING
LIMITED REGARDING TRADING ACTIVITY
Blumont Group Ltd. (the “Company”) wishes to respond to the queries raised by Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 4 October 2013 regarding trading activity in the Company’s shares as follows:
Question 1
Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading? - If yes, the information must be announced immediately.
Response
The Company had in the morning of 4 October 2013 released an announcement in relation to the proposed transactions (the “Proposed Transactions”) involving a foreign-listed coal mining company, Cokal Limited (ASX:CKA) (“Cokal”).
Subsequently, the Company had earlier this evening announced that the Company and Cokal had agreed not to proceed with the Proposed Transactions for the time being.
Save as disclosed in the abovementioned announcements, the Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which might explain the trading today.
The Company will, in compliance with the Corporate Disclosure Policy of the SGX-ST Listing Manual,
make the necessary disclosures (if any) at the appropriate time. Shareholders and potential investors are therefore advised to exercise caution when dealing in the Company’s securities.
Question 2
Are you aware of any other possible explanation for the trading?
Response
The Company understands that a local broking house has recently declared the Company’s shares as designated securities. The Company believes that this may be a contributing factor to the volatility in its share price. Save as disclosed in this announcement, the Company is not aware of any other possible explanation for the trading activity of 4 October 2013.
Question 3
Can you confirm your compliance with the listing rules and, in particular, listing rule 703?
Response
The Company confirms that it is in compliance with the listing rules and, in particular, listing rule 703 of the Listing Manual regarding disclosure of material information.
BY ORDER OF THE BOARD
Blumont Group Ltd.
James Hong Gee Ho
Executive Director
4 October 2013