KUALA LUMPUR: Shares of SUMATEC RESOURCES BHD [] plunged in early trade on Tuesday, May 3 after it was categorised a Practice Note 17 company.
At 10.08am, the shares were down 11 sen to 14 sen with 16.59 million shares done. The warrants, Sumatec-WA lost more than half its value, plunging 7.5 sen to 7.0 sen.
The FBM KLCI was up just 0.1 point to 1,535.05. Turnover was 250.61 million shares valued at RM166.51 million. There were 180 gainers, 240 losers and 241 stocks unchanged.
Sumatec said the PN17 criteria was triggered resulting from the company's latest audited account for the financial year ended Dec 31, 2010 that was announced on April 29, 2011.
'Sumatec's auditors have expressed a disclaimer opinion in the company's latest audited accounts for the financial year ended Dec 31, 2010,' it said.
At 10.08am, the shares were down 11 sen to 14 sen with 16.59 million shares done. The warrants, Sumatec-WA lost more than half its value, plunging 7.5 sen to 7.0 sen.
The FBM KLCI was up just 0.1 point to 1,535.05. Turnover was 250.61 million shares valued at RM166.51 million. There were 180 gainers, 240 losers and 241 stocks unchanged.
Sumatec said the PN17 criteria was triggered resulting from the company's latest audited account for the financial year ended Dec 31, 2010 that was announced on April 29, 2011.
'Sumatec's auditors have expressed a disclaimer opinion in the company's latest audited accounts for the financial year ended Dec 31, 2010,' it said.
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