Quick take: Seacera falls 10% on new share issuance, private placement

KUALA LUMPUR: Seacera Group Bhd’s proposal to issue new share and private placement to pare debts may not go not go down well with investors as the stock tumbled 10.4% in early trade Thursday.

Seacera, one of the top losers on Bursa Malaysia, fell 10.42%, or 2.5 sen to 21.5 sen with 8.2 million shares traded. The counter has been on a general downtrend in the past one year.