SHARES of Prime Utilities slid 24 sen, or 11%, to RM1.90 yesterday. The counter has now tumbled 49 sen, or 20%, from its 18-month peak of RM2.39 in early November. This hardly traded stock has been rather active the past two days, with a total of 11.3 million shares changing hands. Prime Utilities is still in the process of recovering RM112mil cash it had placed out with a Singapore-based asset management company.
Did you find this article insightful?