KUALA LUMPUR (Sept 1): Shares of NetX Holdings Bhd tumbled 16.67% in active trade at mid-morning today after it aborted its tie-up with an United Arab Emirates (UAE) firm for the distribution of mobile payment software, solution and/or service, excluding hardware in Iran and UAE.
At 10.39am, NetX fell half a sen to 2.5 sen with 30.5 million shares done.
According to its bourse filing on Tuesday (Aug 30), the information and technology company said the memorandum of understanding it had inked with UAE-registered BlackRockme Pvt Ltd has been called off, as either party could not agree on the terms of a definitive agreement.