Tuesday, November 15, 2011

Bursa Securities: Harvest Industries designated stock

KUALA LUMPUR (Nov 14): Bursa Malaysia Securities Bhd has declared the securities of Harvest Court Industries as designated counters with effect from Nov 15, Wednesday, due to excessive speculation.

It said in a statement late Monday the imposition of this ruling will be until further notice. This will be for the shares and the warrants.

'In order to facilitate dissemination of the designation, the above securities will be suspended with effect from 9am to 5pm, Tuesday,' it said.

'The decision to designate the securities of Harvest and Harvest-WA is due to excessive speculation observed in the trading of both securities and has been taken in the interest of ensuring a fair and orderly market.

'With the designation, trading in the counter continues but will require payment upfront before buying and a free balance of securities before selling,' it said.

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