Monday, July 4, 2011

Notion falls after disposal talks aborted

KUALA LUMPUR: NOTION VTEC BHD [] shares fell in early trade on Monday, July 4 after it said that the controlling shareholders of Notion Vtec had abandoned negotiations to dispose of their business/equity interest after talks with the interested party fell through, just two weeks after it said negotiations were still on-going.

At 9.15am, Notion fell 11 sen to RM2.02 with 79,900 shares done.

Analysts said pricing could be an issue due the difficulties which the hard-disk drive manufacturers are facing. Perhaps, Notion VTec could brace for a mild recovery and await better offers.

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