Mlabs' share price flat on material announcement today

PETALING JAYA: Mlabs Systems Bhd's share price stayed flat this morning despite heavy trading activity, as it is expected to sign an agreement with an undisclosed party today.

As at 11.45am, Mlabs’ is the second most active counter on Bursa Securities. Its share price stood at 16.5 sen with 22.5 million shares changing hands. It has a market capitalisation of RM32 million.

Last month, the multimedia video conferencing systems firm announced a collaboration agreement with China's Red Dragon Media Ltd for the expansion of intellectual properties business.