What does a flat share chart cost? Eurosports' Goh Kim San paid US$166,000 for fake blips — VnExpress International
Goh Kim San, 69, executive chairman and chief executive of Lamborghini distributor Eurosports Global, pleaded guilty to three counts of false trading and drew a fine of US$166,000 (S$210,000). Sixteen further charges were taken into consideration.
Positive-sum angle: Thin volume on a small-cap board is a liquidity problem, and it now carries a published price. Founders on Catalist, Bursa's ACE market and IDX's acceleration board gain when the cheap fix closes and real market-making, coverage and disclosure become the only route.
What's the impact: SEA founders eyeing a small-cap listing should budget a market-maker and an investor-relations retainer before the bell, not after the counter goes quiet. Illiquidity is a line item, and Singapore has now published what the do-it-yourself version costs.
