OCEANUS Group on Friday refuted rumours about a purported move to the Catalist board, an investigation into the group’s financials, and its management being in a “pump-and-dump” scheme of the group’s shares, calling them “untrue and misleading information”.

The seafood supplier also said it will investigate the circumstances surrounding the information which has been circulating on instant messaging platforms and online forums, and pursue “all legal avenues” including but not limited to lodging civil suits and police reports.

According to Oceanus’ bourse filing on Friday, one of the rumours claims that there is an application by the company to transfer itself from the Singapore Exchange’s (SGX) mainboard to the Catalist board. Oceanus said that this is not true, as it is seeking to exit the SGX’s watch list based on the financial exit criteria.


Read more here: https://www.businesstimes.com.sg/companies-markets/oceanus-refutes-rumours-of-pump-and-dump-scheme-financial-investigation-and-move