KUALA LUMPUR: Sinotop Holdings Bhd's ordinary rights shares tumbled 70% to end the first trading day on Tuesday, June 29 at 12 sen in very active trade as those entitled to the rights shares sold.
It fell 28.5 sen to close at 12 sen with 92.23 million units done. Its reference price was 40.6 sen. The rights shares were issued on a 10-for-one basis.
However, the main shares rose 4.5 sen to 65 sen with 17.28 million shares done.
The company was earlier queried by Bursa Malaysia Securities following the surge in the price recently.
However, Sinotop said it was unaware of the price surge except for the press release about its ongoing corporate exercises.
It fell 28.5 sen to close at 12 sen with 92.23 million units done. Its reference price was 40.6 sen. The rights shares were issued on a 10-for-one basis.
However, the main shares rose 4.5 sen to 65 sen with 17.28 million shares done.
The company was earlier queried by Bursa Malaysia Securities following the surge in the price recently.
However, Sinotop said it was unaware of the price surge except for the press release about its ongoing corporate exercises.
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