Tek Seng shares fell 5% after announcing the end of its solar business
KUALA LUMPUR: Tek Seng Holdings Bhd 
fell 5% in early trade Thursday after the company planned to suspend its photovoltaic solar business in the wake of intense market competition.
The Penang-based company shed 5.08%, or 1.5 sen to 28 sen while TekSeng-WA lost 9.09%, or one sen to 10 sen.
Tek Seng said its 50.69%-owned subsidiary TS Solartech Sdn Bhd (TSST) decided to halt its entire production activities this quarter.
TSST is mainly involved in the manufacturing and sale of photovoltaic products and is a major Tek Seng subsidiary.
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| TEKSENG | 0.290 |
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