PETALING JAYA: After the sudden resignation of its executive deputy chairman that led to a 36% share price crash in a single day, T7 Global Bhd
says it is not under investigation by the authorities.
In response to a stock exchange query, the oil and gas services company also denied any knowledge of Tan Sri Tan Kean Soon being investigated by any authority.
“The board merely received Tan Sri Tan’s resignation letter on March 31, 2025 and was not informed by Tan Sri Tan on the details of the investigation.”
The intraday short selling (IDSS) of T7 Global’s shares was suspended yesterday, after the last done price of the approved securities dropped more than 15% or 15 sen from the reference price.
“The short selling under IDSS will only be activated today at 8:30 am,” it said.
The share price of T7 Global fell by 36% to 32 sen yesterday, which is the lowest in about two years. On March 31, T7 Global announced that Tan Kean Soon tendered his resignation as executive deputy chairman from the group with immediate effect, citing personal reasons.
