Friday 8 January 2016

Lay Hong shares suspended pending material announcemen

Shares of poultry-based Lay Hong Bhd was suspended shortly after the afternoon trading session resumed pending a material announcement.

In a filing to the exchange, the company announced a voluntary suspension of its shares, which halted trading at 2:48PM today.

The stock was last traded at RM6.75 after gaining 25 sen today. It had hit an all time high of RM6.95 on Jan 7.

Since Jan 4, the stock has gained 7.4% as at its last traded price of RM6.75.

The suspension of the shares may be linked to a private placement exercise that the company is currently undertaking.

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