KUALA LUMPUR: Shares of SWEE JOO BHD [] skidded in late morning trade on Wednesday, Sept 1 after the company and its subsidiaries triggered the Practice Note 17 criteria and posted losses.
At 11.09am, it was down 15.5 sen to 20.5 sen with 2.66 million shares done.
Last Monday, the shipping company announced that the firm and its subsidiaries Johan Shipping Sdn Bhd and Asia Bulkers Sdn Bhd were in default in payment pursuant to Practice Note 1 of the Main Market listing rules.
It also posted net losses of RM6.57 million in the third quarter ended June 30, 2010. For the nine-months period, its net losses were RM38.82 million.
At 11.09am, it was down 15.5 sen to 20.5 sen with 2.66 million shares done.
Last Monday, the shipping company announced that the firm and its subsidiaries Johan Shipping Sdn Bhd and Asia Bulkers Sdn Bhd were in default in payment pursuant to Practice Note 1 of the Main Market listing rules.
It also posted net losses of RM6.57 million in the third quarter ended June 30, 2010. For the nine-months period, its net losses were RM38.82 million.
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