Pharmaniaga's shares plunge 50% following PN17 announcement

KUALA LUMPUR: Shares in Pharmaniaga Bhd plunged 50% or 22 sen to 22 sen a share at the opening bell, following news the company had slipped into Practice Note 17 (PN17) status.

As at 9.25am, the share was the third most actively traded on Bursa Malaysia with 36.16 million units exchanging hands.