Singapore Exchange Securities Trading Limited (SGX-ST) wishes to draw the markets attention to the recent query SGX-ST issued to Giken Sakata (S) Limited (the Issuer) on 11 March 2014 regarding the substantial increase in its share price by 61.7% between 10 March 2014 and 11 March 2014. The Issuer has responded on 11 March 2014 and in its response stated that the Issuers substantial shareholder, Miyoshi Precision Limited, had sold its entire shareholding of 69,911,600 shares in the Issuer on 11 March 2014. The Issuer had also stated that it had announced on 11 March 2014, the receipt of a Listing and Quotation Notice relating to a proposed share subscription of 52 million new ordinary shares in the capital of the Issuer.

In view of the trading activities observed and the Issuers 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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