Trading of MyNews securities to be suspended next Monday, pending announcement

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KUALA LUMPUR (Oct 9): The trading of MyNews Holdings Bhd's securities will be suspended next Monday, from 9am until 12.30pm, pending the release of a material announcement.

"The request for suspension is made under subparagraph 3.1(c) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities," the convenience store chain operator said in a bourse filing, adding Bursa Malaysia has approved its request.

MyNews' share price today closed 6.5 sen or 10.74% higher at 67 sen, giving it a market capitalisation of RM457.04 million. It saw 20.96 million shares traded, almost 26 times its 200-day average volume of 815,434 shares.

Year-to-date, the stock has fallen 39% from when it was trading at RM1.1.

Tan Choe Choe