What's up at Genetec? Slides after hitting 52-wk high

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What's up at Genetec? Slides after hitting 52-wk high

Business & Market 2010

Written by Joseph Chin

Monday, 15 March 2010 15:30

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KUALA LUMPUR: Gentec Technology Bhd shares slid as much as 11.5 sen in afternoon trade on Monday, March 15, after hitting a 52-week high of 73 sen earlier in the morning.

At 3.21pm, it is down 11.5 sen to 49 sen with 23.5 million shares done. It had hit a high of 73 sen around 9.10am and has been sliding since then.

There has been no adverse news about the company. Last Friday, it proposed to undertake a bonus issue of up to 127.89 million shares on the basis of one bonus share for every one existing share held.

The largest shareholder is Atis Corp which holds 39.91% or 48.25 million shares while Chin Kem Weng holds 21.59% or 26.1 million shares.

#Update* ST Telemedia invests RM1b in U Mobile< Prev		Next >Market extends losses

Last Updated on Monday, 15 March 2010 15:38

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