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GBH suspended after 14% rises in share price

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GBH suspended after 14% rises in share price

Post by Cals Wed 02 Jul 2014, 02:00

GBH suspended after 14% rises in share price

Business & Markets 2014

Written by Jonathan Gan of theedgemalaysia.com

Tuesday, 01 July 2014 16:14

KUALA LUMPUR (July 1): GBH Bhd shares were suspended today after a 14% rise in share prices in early morning trades.

At mid-day break, the stock reached a high of RM2.02 before giving up some gains to trade at RM2 per share. The counter saw trades of 255,400 shares.

The company announced a suspension at 2:30pm today pending a material announcement.

“Kindly be advised that at the request of the above Company, trading in its securities will be suspended with effect from 2.30 p.m., Tuesday, 1 July 2014 pending an announcement,” it said in the statement.

The company held its annual general meeting yesterday and all the motions were approved by the shareholders of the company according to its announcement on Bursa Malaysia.

According to Bloomberg data, the company's largest shareholder is Tan Sri Tan Hua Choon who holds a 74.35% stake in the company.

Tan is presently the chairman of Goh Ban Huat, Jasa Kita Bhd, Marco Holdings Bhd, FCW Holdings and Keladi Maju Bhd.

Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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