KUALA LUMPUR (Jan 30); Malayan Bulk Carriers Bhd shares dipped in early trade on Monday after the company said last week it was unaware of any reasons or any corporate exercise that may have contributed to the unusual market activity involving its shares.
At 9.05am, Maybulk fell 16 sen to RM2.49 with 134,500 shares done.
The company was queried by Bursa Malaysia Securities Bhd last Friday over the increase in share price and high trading volume. Its share price closed up 21 sen to RM2.65.
Maybulk chief executive officer Kuok Khoon Kuan was seen disposing of 830,000 shares on Jan 26 and 27, reducing his direct stake to 0.13% or 1.268 million shares.
At 9.05am, Maybulk fell 16 sen to RM2.49 with 134,500 shares done.
The company was queried by Bursa Malaysia Securities Bhd last Friday over the increase in share price and high trading volume. Its share price closed up 21 sen to RM2.65.
Maybulk chief executive officer Kuok Khoon Kuan was seen disposing of 830,000 shares on Jan 26 and 27, reducing his direct stake to 0.13% or 1.268 million shares.
