MUDAJAYA GROUP BHD [] share price fell when it resumed trade following a one-hour halt from 9am-10am on Monday, July 26 following clarification it was not directly queried by the Securities Commission (SC).
At 10.28am, the stock fell seven sen to RM5.81 with 415,700 shares traded.
Before market opened for trade, Mudajaya clarified it had not been directly queried by the Securities Commission (SC) with regards to any complaint about the company, thus far. Trading was suspended for one hour from 9am to 10am.
In an urgent statement, it said the board of Mudajaya was not aware of the nature of the complaint about the company by anyone whosoever.
"The board of Mudajaya assures that the company operations are done in accordance with all statutory requirements and comply with all listing regulations. The company is more than willing to extend its full cooperation to the SC, if queried," it said.
It was responding to a news report in the Business Times of the New Straits Times last Saturday entitled SC looks into Mudajaya.
Written by Surin Murugiah
The Edge Malaysia
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