Friday 29 Mar 2024
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KUALA LUMPUR (Dec 12): My E.G. Services Bhd (MyEG) says it is unaware of any factors which may have led to the slump in its share price to a five-month low today.

In a stock exchange filing, the group said it has made due inquiry with its board of directors and major shareholders to seek the cause of the unusual market activity, but could not find any reason behind the share price movement.

Its inquiry included any previously unannounced corporate development, as well as any rumour or report concerning its business.

"The company will make the necessary announcement to Bursa Securities of any material information in compliance with the Main Market Listing Requirements,” it said.

Shares in MyEG fell 16.83% to its five-month low of 84 sen today, after losing 17 sen in one day, trimming its market capitalisation to RM3.03 billion.

The group was the most actively traded stock of the day on the local bourse, with 231.86 million shares done.

Last week, Deputy Home Affairs Minister Datuk Azis Jamman said in Parliament that the government-related online services provided by MyEG is one of the patch-on systems currently being reviewed by his Ministry, following numerous complaints received, particularly involving the online service to renew temporary foreign worker permit or PLKS.

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