Bursa Securities queries Anzo over price surge

KUALA LUMPUR: Anzo Holdings Bhd (formerly Harvest Court Industries Bhd), queried by Bursa Malaysia Securities over the sudden surge in price and volume of its shares on Friday, said it is unaware of any unreported corporate development or any other reason to account for it.

At 3.12pm, shares of the timber door maker was up 3.5 sen to 24.5 sen. There were 22.05 million shares done at prices ranging from 21.5 sen to 25 sen.

The counter ended the day at 24.5 sen, up 3.5 sen or 16.7%, with 30.568 million shares changing hands.

For the first half-year to Sept 30, 2015, Anzo reported a net loss of RM2.15mil.

Harvest Court changed its name to Anzo effective Sept 28 last year.

Corporate News , Plantations