Shares of Stamford College fell the most in mid-morning trade on Tuesday, July 27 after Bursa Malaysia rejected its proposed regularization plan.
At 10.32am, the shares were down 16.5 sen to 24.5 sen with 2.73 million shares done while the warrants lost half the value, down 7.5 sen to eight sen with 2.36 million units done.
Trading in the securities of the company will be suspended with effect from Aug 3.
On Monday, Stamford College said the rejection was premised on the concern that the proposal did not comply with the Main Market Listing Requirements which specifies that the regularisation plan must be sufficiently comprehensive and capable of resolving all problems, financial or otherwise that had caused the company to trigger the prescribed criteria.
No comments:
Post a Comment