Bursa fines and reprimands CN ASIA, directors thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Bursa Malaysia has publicly reprimanded CN ASIA Corp Bhd (CNASIA) and seven of its directors for breach of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR).
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10:47 AM MYT
The 52.8% plunge in CN Asia s share price or RM1.31 over the past two trading days saw RM71.9mil erased from its market capitalisation.
KUALA LUMPUR: CN Asia saw its share prices tumble by 52.8% over the past two trading days to a low of RM1.17 on Monday as investors grew concerned about its venture into digital banking especially the RM400mil investment which it entailed.
Share price of the engineering services company hit limit-down to RM1.17 early Monday from a high of RM2.48 last Thursday (Jan 7) before the announcement was made on that day. Also last Thursday, it traded between RM2.31 and RM2.48.