KUALA LUMPUR: MTD Capital share price dipped on Tuesday, Aug 17 after its South Luzon Expressway project faced another roadblock with the imposition of a temporary restraining order issued by the Philippines Supreme Court.
At 9.20am, MTD fell nine sen to RM5.01 with 8,000 shares traded.
The order was issued to prevent an increase in the toll charges on the highway in addition to a 12% value-added tax which started on Monday.
The new toll rates would be 250% higher than the oil rates and were agreed upon by the government on the grounds the highway would be upgraded.
At 9.20am, MTD fell nine sen to RM5.01 with 8,000 shares traded.
The order was issued to prevent an increase in the toll charges on the highway in addition to a 12% value-added tax which started on Monday.
The new toll rates would be 250% higher than the oil rates and were agreed upon by the government on the grounds the highway would be upgraded.
No comments:
Post a Comment