KUALA LUMPUR: MTD CAPITAL BHD [] has requested for the trading of its shares on Bursa Malaysia be halted up to 5pm on Monday, Oct 25 pending a material announcement to the stock exchange.
According to an earlier notification by Bursa Malaysia Securities on Monday, trading of MTD Capital's shares was suspended from 9.45am at the request of the company.
MTD Capital said the material announcement was on the official judgment from the Supreme Court of Philippines pertaining to the Temporary Restraining Order (TRO) on South Luzon Toll Expressway (SLEx).
MTD share trading was originally halted last Friday morning, and was to have resumed on Monday.
Last Friday, MTD Capital shares rose on reports that the Philippines Supreme Court had upheld the legality of the contracts entered into the Philippines government with private investors on the CONSTRUCTION [], maintenance and operation of the SLEx project.
The Court also lifted TRO it issued last Aug 13 against the implementation of the 250% increase in toll rates at the SLEx based in the Supplemental Toll Operation Agreement (STOA) signed by the government and its joint venture partners in 2006, according to news reports in the Philippines.
However, the toll hike will not materialise any time soon as the Court ordered the Toll Regulatory Board (TRB) to review the new rates subject to the TRB notice of toll rates published last June 6 for the SLEx projects.
According to an earlier notification by Bursa Malaysia Securities on Monday, trading of MTD Capital's shares was suspended from 9.45am at the request of the company.
MTD Capital said the material announcement was on the official judgment from the Supreme Court of Philippines pertaining to the Temporary Restraining Order (TRO) on South Luzon Toll Expressway (SLEx).
MTD share trading was originally halted last Friday morning, and was to have resumed on Monday.
Last Friday, MTD Capital shares rose on reports that the Philippines Supreme Court had upheld the legality of the contracts entered into the Philippines government with private investors on the CONSTRUCTION [], maintenance and operation of the SLEx project.
The Court also lifted TRO it issued last Aug 13 against the implementation of the 250% increase in toll rates at the SLEx based in the Supplemental Toll Operation Agreement (STOA) signed by the government and its joint venture partners in 2006, according to news reports in the Philippines.
However, the toll hike will not materialise any time soon as the Court ordered the Toll Regulatory Board (TRB) to review the new rates subject to the TRB notice of toll rates published last June 6 for the SLEx projects.
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