KUALA LUMPUR: Johor Corp’s subsidiary E.A. TECHNIQUE (M) BHD, whose share price has more than doubled since the start of the year, said it is not aware of any reason for the recent spike in the price.
The marine vessel operator, which was listed in December, was replying on Wednesday to an unusual market activity query from Bursa Malaysia.
The company’s shares shot to a record high of RM1.17 on Tuesday.
On Wednesday E.A. Technique closed 4 sen lower at RM1.13.