WCT's share price fall after withdrawing resolutions on directors' share options

PETALING JAYA: WCT Holdings Bhd's share price fell 0.59% to 84 sen this morning on news of the withdrawal of four resolutions in relation to the granting of share options to its independent non-executive directors.
At 11.09am, the stock was trading at 84 sen with 1.79 million shares done. It hit a high of 85 sen at one point of trading. Yesterday, the stock closed 3% higher at 84.5 sen on volume of 6.74 million shares.
WCT has decided to withdraw four resolutions in relation to the granting of share options to its independent non-executive directors from being put forward at its AGM to be held tomorrow.
The decision was made after taking into consideration feedback received from its shareholders and stakeholders as well as in consultation with the independent non-executive directors.
The proposed share options were intended to grant to Tan Sri Marzuki Mohd Noor, Datuk Ab Wahab Khalil, Datuk Ng Sooi Lin and Ng Soon Lai @ Ng Siek Chuan.