KUALA LUMPUR: Bursa Malaysia Securities Bhd has capped the surge in Teck Guan Perdana Bhd
’s share price with effect from Thursday after its share price hit limit-up on Wednesday.
The regulator announced on Thursday the upper limit would be at RM1.78 under the “Freezing of Price” regulations of the stock exchange.
Its share price had surged from RM1.06 on Monday and closed 41 sen higher at RM1.78 on Wednesday in the absence of any fresh news except the strong earnings in the second quarter ended July 31, 2016.
The results were announced on Monday and it reported earnings jumped to RM6.33mil from RM2.58mil a year ago.
The Sabah-based company’s core activities are cocoa trading and cocoa products. It also has operations in cocoa and oil palm plantations.
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