KUALA LUMPUR: Trading in the shares of Maxbiz Corp'' Bhd, which was suspended at midday, on Thursday, Dec 30 will continue to be suspended until further notice.
A Bursa Malaysia Securities circular issued on Monday, Jan 3, 2011 said trading in the company's securities would "continue to be suspended until further notice'.
Maxbiz had earlier said there were no changes in the status regarding the default in payments on the outstanding loan stocks, arrears and loans.
However, in response to a query from Bursa Securities, it provided more details about its proposed acquisition of PT Jasa Medivest in Indonesia, which it had bid for RM8.8 million.
Investors' concerns are about Maxbiz's inability to service the loans and this would continue to weigh down the company's prospects despite the proposed bid for Jasa Medivest.
A Bursa Malaysia Securities circular issued on Monday, Jan 3, 2011 said trading in the company's securities would "continue to be suspended until further notice'.
Maxbiz had earlier said there were no changes in the status regarding the default in payments on the outstanding loan stocks, arrears and loans.
However, in response to a query from Bursa Securities, it provided more details about its proposed acquisition of PT Jasa Medivest in Indonesia, which it had bid for RM8.8 million.
Investors' concerns are about Maxbiz's inability to service the loans and this would continue to weigh down the company's prospects despite the proposed bid for Jasa Medivest.
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