KUALA LUMPUR: The intraday short selling (IDSS) of T7 Global Bhd
’s shares has been suspended for the rest of the day.
Bursa Malaysia Securities Bhd said the suspension is due to the last done price of the approved securities dropping more than 15% or 15 sen from the reference price.
“The short selling under IDSS will only be activated the following trading day, April 3 at 08:30 am,” it said.
The energy solutions provider tumbled 29%, or 14.5 sen to 35.5 sen with 30.39 million shares traded. It fell as much as 32% earlier to 34 sen, its lowest since January 2023.
T7 Global announced on April 1 that Tan Sri Tan Kean Soon tendered his resignation as executive deputy chairman from the group with immediate effect, citing personal reasons.
“The board of directors has formally accepted his resignation,” it said in a statement.
T7 Global also announced that Tan Sri Dr Nik Norzrul Thani N.Hassan Thani, the group's executive chairman and largest shareholder, will continue to lead the company moving forward.
