Hidden hands behind penny stock surge

-A +A

KUALA LUMPUR (Sept 22): They range from a company with a market capitalisation (cap) of only RM50 million to one valued at a whopping RM5 billion!

Few of these 21 companies make a profit but their share prices have surged in heavy trading in recent months.

It (the companies) is all linked to the same person; usually, the most actively traded list on a daily basis involves these counters,” one source says when asked which are the companies that are linked.

The Edge’s investigation shows how they are linked through a group of common shareholders and directors, with one person believed to be behind it all.

Get the full story in this week’s issue of The Edge Malaysia.

Some of the names behind the penny stocks. See the full chart in the Sept 21-Sept 27, 2020 issue of The Edge Malaysia weekly.

Save by subscribing to us for your print and/or digital copy.

P/S: The Edge is also available on Apple's AppStore and Androids' Google Play.