KUALA LUMPUR: Shares in Konsortium Transnasional Bhd's (KTB) fell in active early trade Tuesday after the its major shareholder made a classification on its share price surge earlier.
The bus transportation service provider surged 14.29%, or 2.5 sen to 15 sen with 5.75 million shares done.
KTB major shareholder Tan Sri Mohd Nadzmi Mohd Salleh was reported as saying he knew of "nothing" that could have contributed to the 129% surge in company recently.
Mohd Nadzmi, who is also chairman and managing director of KTB, holds direct and indirect stakes of 1.81% and 68.07% respectively in the company.
In the financial year ended Dec 31, 2018, KTB posted a net loss of RM36.48mil on revenue of RM153.7mil.
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