Blumont

Blumont: In a bold statement, the group announced that that it was not aware of any manipulation of its share price, calling it the job of SGX to find out and not that of the management. The co has provided its disclosure and aims to continues its business plan. Blumont's chairman-designate, Alexander Molyneux, said at a briefing. Add that in his personal view, whether or not any regulatory issues caused the share-price slide, believe it created a unique value opportunity. That's why he bought the stock, Mr Molyneux said.