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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , anzo. shares , fall , stocks , Chai , plummet ,

   

Next In Business News

S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih
FBM KLCI rebounds to hit fresh two-year high
Asian FX subdued after mixed US data; equities set for weekly gains
Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
Country Garden plans to present debt revamp plan in second half, sources say
Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil
Majuperak, Shizen to explore solar photovoltaic development in Perak
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September

Others Also Read