LATEST NEWS   The investment is similar to what other countries have undertaken to facilitate the restructuring of their critical industry players like Singapore's Sembcorp and South Korea's Daewoo Shipbuilding - PNB | The investment is critical in facilitating the completion of one of the largest debt restructuring exercises in Malaysia, involving some of the largest banks - PNB | The investment will help prevent the liquidation of SEB, which would result in the fire sale of strategic national oil and gas assets, domestically and globally - PNB | SEB has more than 2,000 vendors, many of which are SMEs employing about 59,000 core employees in the oil and gas industry - PNB | Investment by Malaysia Development Holdings Sdn Bhd in SEB will be exclusively used to repay local vendors, without benefitting any existing SEB shareholders or financial creditors - PNB | 

Bursa Malaysia Issues UMA Query To Nationgate After Sharp Fall In Share Price

KUALA LUMPUR, March 3 (Bernama) -- Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to NationGate Holdings Bhd following the sharp fall in the price of its shares today.

At the close today, the counter hit the limit down, as the share price shed 55 sen, or 29.73 per cent, to RM1.30, with 48.85 million shares transacted.

“Investors are advised to take note of the company’s reply to the above UMA query, which will be posted on Bursa Malaysia’s website under the Company Announcements (section) when making their investment decision,” Bursa Malaysia said in a statement today.

NationGate is a leading provider of electronics manufacturing services, specialising in cutting-edge solutions since 2010.

-- BERNAMA