SHARES of AV Ventures Corp Bhd, formerly known as Autoindustries Ventures Bhd, came under selling pressure yesterday after the company said it had yet to secure any new contract, refuting persistent market talk.
“Contrary to rumours that the company was about to secure an oil and gas contract, AV Ventures made an official announcement (late on Tuesday) that it had only submitted a proposal to participate in a major property development project in Qatar,'' MIDF Sisma Securities told clients in its morning bulletin published yesterday.