SCGM slides in morning trade following proposal to sell core business

A worker attending the production machine at an SCGM plant in Kulaijaya, Johor

KUALA LUMPUR: SCGM Bhd's share price fell in Tuesday morning trade on the back of an announcement that it was planning to dispose of its entire core business for RM544.38mil cash.

As at 9.32am, the stock was down eight sen or 3.36% to RM2.30 on the back of nearly five million shares traded.