KUCHING: Shipping firm Swee Joo Bhd, classified a PN17 company after it failed to provide a solvency declaration, succumbed to heavy selling pressure yesterday.
Its share price tumbled to a historical low of 17.5 sen, down by over 50% from its Monday close of 36 sen. It was one of the biggest losers and saw a total 5.13 million shares traded. Listed on Bursa Malaysia four years ago, the stock hit a high of RM1.55 in October 2007.
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