Friday, December 10, 2010

Unisem-WA trade revocation: Culprit is still at large!

“No losses from Unisem-WA trade revocation”


No party incurred losses when Bursa Malaysia revoked share transactions of UNISEM-WA on August 30, Prime Minister Datuk Seri Najib Tun Razak told the Dewan Rakyat today. To date, Bursa Malaysia has not received any claim of damage in writing, said Najib, who is also Finance Minister.
Explaining the rationale for cancellation of UNISEM-WA share trading, Najib said transactions in the afternoon session were rescinded when the matched price was quoted higher than the RM0.50 sen after-limit price for that day due to a mistake in the entry of the ceiling price when the second trading session started. "To protect the integrity and to uphold a fair and orderly market, Bursa Malaysia decided to cancel all share transactions during the wrong entry period.

"No party suffered losses as a result of the cancellation and till to date, no damage claim in writing has been received," he said in his written reply to Lim Lip Eng (DAP-Segambut) during question time. - Bernama
Read more:

No comments: