The share cost of Harvest Court Industries Bhd plunged scarcely thirty percent this morning, after Bursa Malaysia yesterday spoken it as 'designated securities'.
This is notwithstanding the star shareholder - the premier's second son Mohd Nazifuddin Najib - denying which the association gets preferential diagnosis from the government.
The shares as well as warrants tumbled to RM1.50 as well as RM1.27 respectively when the market resumed during 9am, dropping scarcely one-third from yesterday's RM2.13 as well as RM1.81.
In interviews published currently by dual Chinese dailies - Sin Chew Daily as well as China Press - Nazifuddin insisted which the government is not involved in the company's projects which have the sum worth of RM1.2 billion.
These were awarded to Harvest Court by Sagajuta (Sabah) Sdn Bhd, of which Nazifuddin is chairperson as well as which built the 1Borneo mall in Kota Kinabalu.
On conjecture over Harvest's share cost as well as rumours being spread about him, Nazifuddin pronounced he is "deeply troubled" though which there is little he can do about the situation.
The company's share cost had seen the surge of 2,563 percent from the 8 sen purebred on October 13.
Yesterday Harvest's batch as well as aver were spoken 'designated securities' as well as dangling for the day by Bursa Malaysia.
'Designated securities' equates to which the trade of the opposite will require investors to compensate cash upfront on purchase, as well as the free balance of bonds before selling, ! the move aimed during curbing extreme speculative activity.
[More to follow]
Read More @ Source This is notwithstanding the star shareholder - the premier's second son Mohd Nazifuddin Najib - denying which the association gets preferential diagnosis from the government.The shares as well as warrants tumbled to RM1.50 as well as RM1.27 respectively when the market resumed during 9am, dropping scarcely one-third from yesterday's RM2.13 as well as RM1.81.
In interviews published currently by dual Chinese dailies - Sin Chew Daily as well as China Press - Nazifuddin insisted which the government is not involved in the company's projects which have the sum worth of RM1.2 billion.
These were awarded to Harvest Court by Sagajuta (Sabah) Sdn Bhd, of which Nazifuddin is chairperson as well as which built the 1Borneo mall in Kota Kinabalu.
On conjecture over Harvest's share cost as well as rumours being spread about him, Nazifuddin pronounced he is "deeply troubled" though which there is little he can do about the situation.
The company's share cost had seen the surge of 2,563 percent from the 8 sen purebred on October 13.
Yesterday Harvest's batch as well as aver were spoken 'designated securities' as well as dangling for the day by Bursa Malaysia.
'Designated securities' equates to which the trade of the opposite will require investors to compensate cash upfront on purchase, as well as the free balance of bonds before selling, ! the move aimed during curbing extreme speculative activity.
[More to follow]
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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