According to the stock exchange filing, the project will be close to retail amenities such as Sunway Giza, Sunway Nexis and Ikea Damansara as well as education institutions including Sri KDU and SEGi University, and Thomson Hospital.
KUALA LUMPUR: Bursa Malaysia Securities has forbidden any direct business deals (DBT) involving MISC Bhd
and Frontken Corporation Bhd from 2.30pm to 3.30pm on Tuesday.
The regulator said the stocks were forbidden from DBT during the one hour as under the Bursa trading rule following the release of their financial results.
Bursa Securities reminded dealers and remisiers that the reference price for DBT upon authorisation shall be volume weighted average price from 2.30pm to 3.30pm (traded stocks); and reference price (untraded stocks)
“There is no impact to the normal market trading. Please be guided accordingly,” it said.
During the midday break, MISC reported its net profit fell by 42.2% in the second quarter ended June 30, 2018 as it was impacted by the weaker liquified natural gas (LNG) performance.
MISC's earnings fell to RM321.20mil from RM556.50mil a year ago. Its revenue fell by 7% to RM2.14bil from RM2.30bil. Earnings per share were 7.2 sen compared with 12.5 sen.
Frontken's Q2 net profit more than doubled to RM12.08mil from RM5.82mil in the previous corresponding quarter, underpinned by growth in global semiconductor demand.
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