London Biscuits bucks trend
PETALING JAYA: London Biscuits Bhd bucked the trend as its share price shot up after falling into the Practice Note 17 (PN17) category.
The company closed seven sen, or 43.8% higher, at 23 sen yesterday, traded on a volume of 110 million shares.
London Biscuits has defaulted on payments amounting to RM9.83mil to Bank of Nova Scotia Bhd on May 10.
In a Bursa Malaysia filing, London Biscuits said the failure to pay was due to cash-flow constraints.
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