MUDAJAYA tells investors to 'exercise caution'

Mudajaya Group Bhd, a Malaysian builder, asked its shareholders to “exercise caution” and not to trade in the company’s shares based on rumors after the stock plunged 20 per cent yesterday.

The management has met with the Securities Commission and provided them with the clarifications requested, it said in a statement today.

The company’s board affirmed that it has conducted its business in a professional manner, it said. -- Bloomberg

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