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Talam tumbles after failing to submit accounts |
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Written by The Edge Daily
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Thursday, 24 August 2006 |
Share price of Talam Corporation Bhd fell as much as 41.7% or seven sen to 10 sen on Aug 24 after it failed to issue its annual audited accounts for the financial year ended Jan 31, 2006 which was due on May 31.
It opened at 16 sen, or one sen below the previous day's closing price of 17 sen. Within the first hour, there were 6.35 million shares done at prices ranging from 10 sen to 16 sen. At 10am, it was trading at 11.5 sen, down 5.5 sen.
On Aug 23, the company
said the delay in issuing the audited accounts was due to an acute
shortage of personnel in the accounts department and it had seriously
affected the timely finalisation of the audited accounts of the company
and its group of companies.
The company also said
certain key personnel are tasked to special assignments in the group's
debt restructuring and the proposed scheme of arrangement undertaken by
its unit Maxisegar Sdn Bhd.
Read the complete article here.
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Last Updated ( Thursday, 24 August 2006 )
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