KUALA LUMPUR: Shares in Rexit Bhd
dropped 4% in early Friday trade after news broke that two major shareholders were sentenced to jail by a Singaporean court for conspiring with an alleged Chinese cybercriminal to obtain the personal data of over 9,300 individuals illegally.
The software as a service (SaaS) provider fell 4%, or three sen to 72 sen with 1.1 million shares traded. The counter has fallen over 16% so far this year.
