Seacera detects unusual trading in its shares

PETALING JAYA: Seacera Group Bhd, which is embroiled in a boardroom tussle with its largest shareholder Datuk Tan Wei Lian, has detected unusual market activities concerning the trades of its securities.

“Based on the investigation and analysis conducted by the company, the unusual market activities detected by the company include, inter alia, activities of shares churning and passing-around, and misleading appearance of price of the company’s securities on the stock exchange,” it said in a filing with Bursa .

The company said it has engaged with the relevant stock broking house as well as solicitors to take necessary action.

Seacera’s fell 4.62% to close at 31 sen today with 20.05 million shares done.

Source: The Sun Daily

Leave a Reply

Your email address will not be published. Required fields are marked as *

Time limit is exhausted. Please reload CAPTCHA.