KUALA LUMPUR (April 20) : China Stationery Ltd shares rose as much as 5% on Friday morning before erasing gains to trade in the red after regulators queried the firm on the unusual trading patterns of the company’s shares.
The stock added eight sen to RM1.71 before trading lower at RM1.54 at 10.18am. China Stationery, one of the most-actively traded, saw some 20 million shares done,
In its response to Bursa Malaysia’s query, China Stationery said it is not aware of any factors contributing to the rise in the price and volume of the stock.
The firm also said it has no plans to declare an interim dividend and undertake a dual listing in Hong Kong.
The stock added eight sen to RM1.71 before trading lower at RM1.54 at 10.18am. China Stationery, one of the most-actively traded, saw some 20 million shares done,
In its response to Bursa Malaysia’s query, China Stationery said it is not aware of any factors contributing to the rise in the price and volume of the stock.
The firm also said it has no plans to declare an interim dividend and undertake a dual listing in Hong Kong.
