CN Asia hits limit-down as investors worry about RM400m investment

The 52.8% plunge in CN Asia's share price or RM1.31 over the past two trading days saw RM71.9mil erased from its market capitalisation.

KUALA LUMPUR: CN Asia saw its share prices tumble by 52.8% over the past two trading days to a low of RM1.17 on Monday as investors grew concerned about its venture into digital banking especially the RM400mil investment which it entailed.

Share price of the engineering services company hit limit-down to RM1.17 early Monday from a high of RM2.48 last Thursday (Jan 7) before the announcement was made on that day. Also last Thursday, it traded between RM2.31 and RM2.48.