KUALA LUMPUR (Oct 31): Mudajaya Group Bhd's share price jumped as much as 5.5 sen or 16.18% today to 39.5 sen shortly after the opening bell amid expectation of an announcement on a major corporate exercise.

Besides, the company yesterday announced that its wholly-owned subsidiary Mudajaya Corp Bhd was granted a Mareva injunction and ancillary orders by a Malaysian court against an ex-employee and three individuals.

A Mareva injunction is a court order to freeze a debtor's assets to prevent the assets from being taken overseas.

At Bursa Malaysia today, Mudajaya Group shares were traded at 38 sen with some 49 million units transacted. Mudajaya Group was the most-active stock across Bursa.

Yesterday, theedgemarkets.com, quoting Mudajaya Group's Bursa filing, reported that Mudajaya Corp was granted a worldwide Mareva injunction involving up to RM49.31 million besides ancillary orders prohibiting its former employee and three other individuals from any dissipation of assets.

The injunction and ancillary orders also aim to prohibit any third party from knowingly assisting or permitting a breach of the order until the disposal of the full trial, Mudajaya Group was quoted as saying.

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