Reuters, 17 Mar 2009, Saeed Azhar
SINGAPORE, March 17 (Reuters) - The Singapore Exchange (SGXL.SI) reprimanded Neptune Orient Lines (NEPS.SI) for late disclosure that it had no plans for a rights issue after its shares slumped last week on rumours of such a sale.
SGX said in a statement the shipping firm fell short of the exchange's corporate disclosure rule when it took more than two days to deny market and media speculation about a rights issue.
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