Ni Hsin, GIIB continue sliding as Bursa flags trading
KUALA LUMPUR: Ni Hsin Group Bhd and GIIB Holdings Bhd have received trading reminders by Bursa Malaysia after both stocks saw a sharp fall in their share price since Oct 29.
KUALA LUMPUR: Ni Hsin Group Bhd and GIIB Holdings Bhd have been reminded by Bursa Malaysia of their recent sharp fall in share prices, according to trading alerts issued by the exchange. Both stocks were among the most actively traded on Tuesday's first half of trading. Ni Hsin's shares fell 41.67% or 7.5 sen to 10.5 sen, while GIIB's shares dropped 40.74% or 11 sen to 16 sen. Bursa urged investors to consider all available information before making investment decisions involving the two companies.
Ni Hsin cited its proposed bonus issue of warrants and diversification into electric vehicles as possible reasons for the unusual trading activity. GIIB did not identify any recent corporate developments that could explain the decline in its share price.
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