Tuesday, November 15, 2011

Flonic suspended after responding to UMA query

KUALA LUMPUR (Nov 15): Trading in the shares of Flonic Hi-Tech Bhd was suspended from 11.24am on Tuesday and will resume at 2pm after it responded to a query about the sharp rise in price and high volume recently.

The company said the board of directors was not aware of any factors which might have contributed to the unusual market activity.

It said that its recent corporate announcements were about the proposed renounceable rights issue with warrants announced on Nov 3, 4 and 8.

Its share price fell two sen to 26 sen with 3.80 million shares done before the suspension.

No comments:

Post a Comment