PETALING JAYA: Shares of Bumi Armada Bhd
took a beating yesterday, hitting its lowest closing price since June 2013 after the company posted a weak first quarter and announced a fund raising scheme by selling new rights shares that will dilute earnings.
The stock hit an intraday low at RM3.69 before wrapping up 16 sen or 4.1% down at RM3.74 with 7.11 million shares traded.
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