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’s share price increased by more than a quarter in a day but the stock still has a long way to go to recoup over RM4bil in lost market capitalisation.
The strong surge in share price happened as investors reacted positively to the formal appointment of Ernst & Young Consulting Sdn Bhd (EY) as the group’s special independent reviewer.
The oil and gas engineering services company was also the most actively traded stock on Bursa Malaysia yesterday.
The share price, which traded in the range of 39.5 sen to 51.5 sen, closed higher by 25.97% or 10 sen at 48.5 sen.
A total of 1.49 billion shares changed hands.