Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (March 14): Tenaga Nasional Bhd's share price fell as much as 10 sen or 0.79% to RM12.60 so far today on profit taking and amid speculation the state-owned utility's president and chief executive officer Datuk Seri Azman Mohd has been asked to resign. 

At 12:30pm, Tenaga shares settled at RM12.64 with 659,700 units traded. The shares fell as investors took profit after the stock rose to its highest so far today at RM12.72.

Tenaga's share price rise earlier today could be due to the company's announcement on its dividend's ex and payment dates. Tenaga has proposed a final dividend of 23 sen per share for financial year ended Dec 31, 2018 (FY18).

In a statement to Bursa Malaysia, Tenaga said the company's securities will be traded and quoted ex-dividend from March 27, 2019, while the dividend payment date is on April 11, 2019.

Today, Tenaga's share-trade dynamics could have also taken cue from speculation that the company's president and chief executive officer has been asked to resign.

The New Straits Times, quoting sources, reported today that Azman has been asked to relinquish his position as Tenaga president and chief executive officer.

It was reported today that Azman was given a notice to resign last Friday (March 8).

At at time of writing this theedgemarkets.com report, Tenaga had not issued a statement in response to The New Straits Times report.

      Print
      Text Size
      Share