Iris, Patimas open limit down
Share prices of Iris Corporation Bhd and Patimas Computers Bhd opened limit-down when they resumed trading on May 16. Iris was declared a designated counter by the regulators. Trading was hesitant at 9am with no deals done. But at 9.02am, it hit limit down, tumbling 29% or 39.5 sen to 96.5 sen. There were 1,000 shares done. There were bids to buy 34.86 million shares at 95.5 sen and bids to buy 3.3 million shares at 96 sen. Patimas opened at RM1.66, down 29.9% or 71 sen to RM1.66. Trading was then halted. There were bids to sell 1.16 million shares at RM1.66 sen. Iris had proposed to issue 109.09 million shares at 66 sen apiece to acquire 31.75% or 24 million shares of Patimas Computers Bhd for RM72 million, or through cash. ~ From TheEdgeDaily
posted by Ho Sang @ 6:20 PM
1 Comments:
At 7:50 PM,
danielkong said…
As expected the Iris share will lost it ground but not to the extent of limit down in the two session on today trading. Iris counter remain strong during the last closing minutes. Speculation are obviously seen during the late hour as speculator pushing the share price up.
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