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just guessing only, hope it is not la. hope the announcement is about contract or extension.
rights issue have to fork out money. those have too many lots might sell some to raise cash.
The Board of Directors of MYEG has requested and Bursa Malaysia Securities Berhad has approved for a suspension of trading of its securities from 9.00 a.m. to 5.00 p.m. on 22 May 2020 pending an announcement of a material information
if they halt trading until 5pm, I will guess is negative news. Think logically, the purpose of doing this is to use the following holidays as a buffer for negative emotions. On the other hand, if it's a good news, they will announce before trading day so that the price will soar during opening. It's not logical to announce great news during long holidays as this will lessen the excitement of investors. (just my two cents. I'm holding substantial MYEG stocks btw)
