TA Enterprise, TA Global request for trading suspension

This article first appeared in The Edge Financial Daily, on February 12, 2020.
TA Enterprise, TA Global request for trading suspension
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KUALA LUMPUR: Trading in shares of retail stockbroking firm TA Enterprise Bhd and its subsidiary TA Global Bhd will be suspended from 9am today.

In separate filings with Bursa Malaysia, both companies said the trading suspensions are to make way for a material announcement.

TA Enterprise owns a 60.17% stake in TA Global, which is involved in property development, property investment and property management.

Both companies share a common substantial shareholder in chairman Datuk Tiah Thee Kian.

Tiah owns a direct 41.92% in TA Enterprise and 10.13% in TA Global, bourse filing shows.

Shares in TA Enterprise settled unchanged at 54 sen apiece yesterday, giving it a market capitalisation of RM924.43 million.

TA Global shares closed half a sen or 2.13% lower at 23 sen a share, valuing the company at RM1.22 billion.