Greatech slumps as US buyer faces cashflow issue

KUALA LUMPUR: Greatech Technology Bhd’s share price fell to a low of RM5.17 on Wednesday on news that a buyer -- US electric pick-up truck start-up Lordstown Motor Corp-- does not have enough cash for full commercial production.

At 4pm, it was trading at RM5.32, down 48 sen. There were 21.29 million shares transacted at prices between RM5.17 and RM5.72.