OKH

OKH: (S$0.09) CEO's stake force-sold as fortunes look starkly bleak

OKH Global’s shares rebounded 26.8% in morning trade to 9¢ after it plummeted almost 80% yesterday as banks force-sold 120m shares that were pledged by CEO Bon Ween Foong.

- OKH’s liquidity position, which showed short term debt of $105.7m against a cash balance of only $37.9m as at end Dec '15 has been drawn into question with its recent commencement of talks with Zana Investor
- OKH is currently trading at 0.5x P/B. Despite the seemingly distressed valuations, investors are advised to trade with caution given the controversy surrounding its CEO.