Bursa Securities has informed that short selling under the PDT and IDSS for stock AWANTEC has been suspended for the rest of the day as the Last Done Price of the Approved Securities dropped more than 15sen /15% from the Reference Price.
The short selling under the PDT and IDSS will only be activated the following trading day, Friday, 18 August 2023 at 08:30 am.
The company saw its application for an extension of time to submit a regularisation plan to Bursa Malaysia rejected and was also issued a show cause notice to provide written representations within five market days from the date of their letter as to :
(i) why a suspension should not be imposed on the trading of the securities of the Company;
and
(ii) why the securities of the Company should not be de-listed from the Official List of Bursa
Securities.
