MY EG falls in heavy trade

The losses were mainly due to an impairment due from an associate company amounting to RM95.45mil, and the impairment of equipment amounting to RM76.29mil.

KUALA LUMPUR: My EG Services Bhd told the stock exchange it was unaware of any reason behind the steep decline in its share price on Wednesday.

“The company wishes to inform that to the best of its knowledge after making due enquiry with the board of directors and major shareholders of the company seeking the cause of the unusual market activity in the company’s securities, the company is not aware of any factor which may have contributed to the unusual market activity, which led to the sharp fall in share price and increase in volume recently,” it said.