KUALA LUMPUR: MUDAJAYA GROUP BHD []'s share price fell on Friday, Oct 8 after the Securities Commission (SC) cautioned the company and its board to ensure compliance with the securities laws and Bursa Malaysia in disclosing the transactions.
At 11am, Mudajaya was down 20 sen to RM4.41 with 4.1 million shares traded.
On Thursday, Mudajaya had risen 17 sen to RM4.61 before it was voluntarily suspended in late morning.
The caution was related to Mudajaya's disclosures about its investments in the independent power plant (IPP) project in India which were made prior to Aug 30, 2010, as the SC viewed these disclosures were inadequate.
It later announced plans to team up with the Laos government to undertake a 60 MW hydro power project there.
At 11am, Mudajaya was down 20 sen to RM4.41 with 4.1 million shares traded.
On Thursday, Mudajaya had risen 17 sen to RM4.61 before it was voluntarily suspended in late morning.
The caution was related to Mudajaya's disclosures about its investments in the independent power plant (IPP) project in India which were made prior to Aug 30, 2010, as the SC viewed these disclosures were inadequate.
It later announced plans to team up with the Laos government to undertake a 60 MW hydro power project there.
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