Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
PETALING JAYA: Shares in Edaran Bhd
surged by as much as 63% to as high as 74.5 sen before closing the day at 71.5 sen.
In a special filing yesterday, Bursa Malaysia said that it had suspended the short selling under the proprietary day trading (PDT) of Edaran for the rest of the day.
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