The curious case of Cape EMS

Cape EMS co-founder and chief executive officer Christina Tee.

ONE of the biggest stories unfolding among listed companies today is that of Cape EMS Bhd. Its disastrous share price crash – that has wiped out some RM472mil in market capitalisation over the last two weeks – is the talk of the town.

Cape EMS does seem to have joined that group of Main Market listings that not only fail to remain above water, but also crash to scary depths. Recall the cases of Felda Global Ventures Holdings Bhd (FGV), Lotte Chemical Titan Holding Bhd (LCT) and Astro Malaysia Holdings Bhd.