Mudajaya Group Bhd, a Malaysian builder, rebounded from yesterday’s 20 per cent plunge after advising shareholders not to trade the shares based on rumors, saying it has conducted its business professionally.
The stock rose 8.2 per cent to RM4.24 at 9:02 am in Kuala Lumpur, set for its steepest gain since July 21, snapping a four-day, 25 per cent slide.
The management has met with the Securities Commission and provided them with the clarifications requested, it said in a statement today. -- Bloomberg
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