Wednesday 16 November 2011

Harvest Court plummets to 2-year low

Harvest Court Industries Bhd tumbled the most in two years after the Malaysian timber company was declared a designated security by the Kuala Lumpur stock exchange, requiring investors to pay upfront before trading the shares.

The stock tumbled 30 percent to RM1.50 at 9:01 a.m. local time, set for its steepest drop since Sept. 3, 2009.

The shares surged 29 percent to RM2.13 on Nov. 14 before they were suspended yesterday. -- Bloomberg



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