KUALA LUMPUR: Trading of Mui Properties Bhd shares has been suspended today at the company's request, pending a material announcement.
The suspension started at 10.40am, the property developer said in a filing with Bursa Malaysia.
In early session today, the stock rose as much as 1.15 per cent to 44 sen from Friday's close of 43.5 sen prior to the suspension.
Its market capitalisation stood at RM332.4 million.
The Main Market-listed company posted a net loss of RM11.8 million in the first quarter ended Sept 30, 2024 due to the unrealised net loss on foreign exchange incurred by investment holding subsidiaries.
Its revenue grew more than 80 per cent to RM34.7 million, driven by the higher construction progress of the Antmed project in Bandar Springhill, Negri Sembilan.
Mui Properties' largest shareholders are Marco Polo Trading Bhd with a 26.59 per cent stake, followed by Malayan United Industries Bhd (23.48 per cent) and United Review (M) Sdn Bhd (6.07 per cent).