Thursday, 24 November 2011

Sumatec: No assets injection; stock falls

Sumatec Resources Bhd, a Malaysian engineering group, fell the most in a week in Kuala Lumpur trading after denying a Star newspaper report which said some oil and gas assets may be injected into the company.

The stock dropped 14 percent to 24.5 sen at 9:05 a.m. local time, set for its biggest decline since Nov. 15. -- Bloomberg



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