Malakoff now penny stock again after weak results

Malakoff, which is an independent power producer with the largest capacity in Southeast Asia, announced to Bursa Malaysia its indirect unit Win Macarthur Finco Pty Ltd (WMFPL) had drawn down the amount for the existing term loan.

KUALA LUMPUR: Independent power producer Malakoff Bhd saw its shares falling early Friday after its net profit came in below expectations.

At 9.55am, it was down seven sen to 96 sen with 5.72 million shares done. It hit a low of 82.5 sen on June 29.