KUALA LUMPUR: Shares of IBRACO BHD [] surged in the morning session on Tuesday, May 24 after Bursa Malaysia Securities uplifted it from the Practice Note 17 classification.
At 12.07pm, Ibraco was up 15 sen to RM1.33 with 16,100 shares done.
The FBM KLCI fell 1.37 points to 1,527.61. There were 316.48 million shares done valued at RM500 million. There were 232 gainers, 344 losers and 288 stocks unchanged.
Bursa Securities announced on Monday it had uplifted Ibraco with effect from Tuesday, May 24.
With the completion of the regularisation plan, the company has regularised its financial condition and no longer triggered any of the criteria under PN17 of the Main Market Listing Requirements.
Bursa Securities had also approved Ibraco's waiver application to comply with the requirement to record a net profit in two consecutive quarterly results immediately upon the implementation of the regularisation plan.
At 12.07pm, Ibraco was up 15 sen to RM1.33 with 16,100 shares done.
The FBM KLCI fell 1.37 points to 1,527.61. There were 316.48 million shares done valued at RM500 million. There were 232 gainers, 344 losers and 288 stocks unchanged.
Bursa Securities announced on Monday it had uplifted Ibraco with effect from Tuesday, May 24.
With the completion of the regularisation plan, the company has regularised its financial condition and no longer triggered any of the criteria under PN17 of the Main Market Listing Requirements.
Bursa Securities had also approved Ibraco's waiver application to comply with the requirement to record a net profit in two consecutive quarterly results immediately upon the implementation of the regularisation plan.
No comments:
Post a Comment