Supermax shares continue to slide

28 Nov 2017 / 11:58 H.

    PETALING JAYA: Supermax Corp Bhd’s share price continue to slide, falling 1 sen or 0.51% to RM1.94 at 11.12am, with a total of 1.75 million shares traded.
    The group’s share price hit a low of RM1.79 before rebounding to close at RM1.98 or 11 sen lower yesterday. Some 17.19 million shares were traded.
    Supermax CEO Datuk Seri Stanley Thai Kim Sim, former CEO of APL Industries Bhd (APLI), and former remisier Tiong Kiong Choon, were convicted by the Kuala Lumpur Sessions Court of insider trading offences last Friday.
    Thai was sentenced to a five-year jail term and a RM5 million fine, while Tiong was sentenced to five years’ jail and a RM10 million fine.
    Supermax chairman Tan Sri Rafidah Aziz and board of directors threw their support behind Thai, with Rafidah stressing that Thai’s charge is related only to APLI and not Supermax.

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