Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.
KUALA LUMPUR: The proprietary day trading (PDT) and intra-day short selling (IDSS) of HeveaBoard was suspended at 9.05am on Friday after its share price fell more than the 15% or 15 sen.
It breached the price limit when it tumbled 16 sen to 81 sen.
However, at 9.41am, it was off the early low. It was down 12.5 sen to 84.5 sen with 4.35 million shares done.
HeaveaBord’s warrants, WB tumbled 22.5 sen to 55.5 sen with 61,900 units done.
The PDT and IDSS will resume on Monday at 8.30am.
JF Apex Research said HeveaBoard registered core net profit of RM1.8mil in the first quarter ended March 31, 2018. This was after excluding realised and unrealised forex gain of RM800,000.
The core net profit was down 92.9% on-year and 89.9% on-quarter due to significantly lower revenue by both of its particleboard and ready-to-assemble segments.
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