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SINGAPORE: Shares in MOL Global Inc, the first Malaysian company to list in the United States, fell more than 60% on Monday after the online payments company reported accounting errors at its Vietnam unit and a 61.5% fall in net profit.
PETALING JAYA: MOL Global Inc’s single largest shareholder Tan Sri Vincent Tan Chee Yioun gives his backing to the company’s management, helping to shore up the embattled stock. Shares of MOL Global Inc rebounded sharply, closing 116% higher to US$3.65 (RM12.41) on Tuesday.