Berjaya Media identifies white knight, but shares fall 59%

Berjaya Media identifies white knight, but shares fall 59%

The Malaysian Reserve-News·2019-10-30 13:14

BERJAYA Media Bhd’s shares noted its steepest plunge in its history after revealing technical issues with its white knight’s (Tan Sri Vincent Tan Chee Yioun) privately owned Singer (M) Sdn Bhd’s audited financial statements.

The media companies’ shares plunged 58.54%, or 12 sen, to close at 8.5 sen as investors feared the stock is heading for a suspension and delisting pending an appeal to the exchange.

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