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Kretam slumps to near three-year low; short selling suspended

Mimi Sabreena 3:08:00 PM Informasi

KUALA LUMPUR (June 18): Kretam Holdings Bhd's stock price nosedived in early trade today to its lowest since September 2015, after its plans to sell a 55% stake to Hap Seng Plantations Holdings Bhd had been called off.

The stock opened 20.5 sen lower at 49 sen as trading resumed at Bursa Malaysia this morning. It then saw its share price plummet to a low of 39.5 sen subsequently, representing a 43.2% drop from its last closing price.

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