Anzo shares plummet after tie-up announcement

Chai: ‘We are eager to begin work on this project and to be working with MCC Overseas.’

KUALA LUMPUR : Shares of Anzo Holdings Bhd recorded its largest one-day decline in two years after announcing a tie-up to jointly develop a mixed-use project here.

Anzo’s shares fell 19.5 sen in heavy trading yesterday on possible short term profit taking activity to close at 36 sen. Anzo’s shares had risen by a whopping 130% between March 1 and April 13, making it one of the top performing small cap counters over the past month.