Tongkah, Wembley shares plunge on suspension news


  • Business
  • Saturday, 04 Jan 2003

Shares in both Tongkah Holdings Bhd and Wembley Industries Holdings Bhd took a beating yesterday following news the two PN4 companies' securities, together with those of UCP Resources Bhd, would be suspended from trading from Jan 10. 

Tongkah tumbled 37.5% or 1.5 sen to 2.5 sen, with 569,000 shares traded, while Wembley dropped 44% or two sen to 2.5 sen, on fairly active volume of 707,000 shares. Both stocks finished the day at their historical lows. 

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