The share price of 1Malaysia email project operator Tricubes Bhd dropped a massive 70 percent this morning after Bursa Malaysia rejected its regularisation plan, resulting in the possible delisting of the company from the stock exchange.
The IT company, which is listed on the secondary ACE market, will be suspended with effect from July 11 and it has been given until Aug 2 to appeal against the delisting, according to the company’s announcement to Bursa yesterday.
This prompted a fire sale of the company’s shares by jittery investors when the stock exchange opened, which saw Tricube's share price plunging to 3 sen at 10.23am - 70 percent lower than its last traded price.Tricubes is the most traded share in Bursa, where 15,400,400 shares exchanged hands so far today.
The troubled company was awarded the controversial 1Malaysia email project in April last year to serve as a designated digital channel for government bodies to communicate with the public.
The project elicited fierce public criticism as all government bodies are required to pay for every email sent using the 1Malaysia email accounts.
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Kepada Saudara-saudara dan Saudari-saudari yang hormati sekian,
ReplyDeleteBahawa saya, peguam Yip Jiun Hann, Pemuda MCA Gombak seorang anak Yip Kum Fook ingin bertanya mengapa orang ramai begitu dengki bapa saya beristeri lebih dari tiga? Ini sebuah Negeri demokrasi, dia mahu sepuluh isteri pun hak dia sendiri, sekiranya dia bolih bertanggujawab.
Demi Islam pun bolih berkahwin lebih daripada empat perempuan. Saya harap orang ramai berfaham dan jangan bodoh.
Kalau semua mahu cabar demokrasi dan hak asasi, orang ramai bolih bertanya pada YB Perdana Menteri Datuk Seri Najib Abdul Razak and Pengurusi MCA Malaysia Datuk Dr. Chua Soi Lek, kerana memperbuatan mereka sama dengan bapa saya.
Yang benar
Pemuda MCA Gombak
Sdr. Yip Jiun Hann
http://margeemar.blogspot.com/2012/06/malaysia-between-les-majeste-treason.html