ECM Libra, Cocoaland and Hibiscus suspend trading pending material announcement

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KUALA LUMPUR (June 1): Trading of shares in ECM Libra Financial Group Bhd, Cocoaland Holdings Bhd and Hibiscus Petroleum Bhd was suspended starting 9am today.

According to ECM Libra's (fundamental: 1.35; valuation: 1.65) and Hibiscus' (fundamental: 1.65; valuation: 0.3) filing with Bursa Malaysia, the group has applied for suspension of trading in the securities of the company until 5pm today pending the release of an announcement.

Meanwhile, Cocoaland (fundamental: 2.8; valuation: 2) said Bursa Securities has approved the company's request for a suspension of trading of its securities from 9am today until 5pm tomorrow.

These companies are expected to make an announcement later.

Shares in Hibiscus last closed at 68 sen, for a market capitalisation of RM626.13 million, Cocoaland was last closed at RM2.04, with a market capitalisation of RM350.06 million.

ECM Libra last closed at RM1.05, translating into a market capitalisation of RM281.13 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)