Icon Offshore's Tanjung Piai1 vessel. Brokers contacted by StarBiz said the investors were caught surprise by the company’s plans to list its rights shares earlier than expected.
PETALING JAYA: Shares of Icon Offshore Bhd
went limit up in early trade, but the gains were short-lived as the stock came crashing down in the afternoon session in what has been another bizarre day for investors in the oil and gas company.
Brokers contacted by StarBiz said the investors were caught surprise by the company’s plans to list its rights shares earlier than expected.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
