SGX functions mainly as a marketplace for listed shares.

( stocks and the company's business are two separate 'entities' ) ...

In the case of L&M, judicial management underway... but there's no news of late...

Sometimes, an "Oh!" company may trade at a fabulously high price (eg. unbelievably high PE  ratio).

(In primary school, my Chinese teacher told us a story in which a man was selling a wonderful product called "Oh!". There were a lot of buyers and his business boomed on the first day. But at the end of the day, many disatisfied customers came back to demand a refund. But the man ask them why, whereupon they said when they opened the matchbox they had bought, a fly flew away from it. The man asked them what happened after that. The customers said they exclaimed "Oh!".
The man then smiled and told them since he had sold them what they wanted, they had no right to ask for a refund. The unhappy customers then realised their own folly and each went away with heads drooping.)...