Euro Holdings hits limit down again in the midst of finding out reasons behind share price drop

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KUALA LUMPUR (June 16): Euro Holdings Bhd said it was not aware of the reasons behind a sharp drop in the share price of the office furniture manufacturer and property developer even as the stock hit limit down for the second consecutive day today.

Euro Holdings group deputy managing director Datuk Kenix Lim Sze Way told theedgemarkets.com today that the company is “in the midst of finding out” the reasons behind the share price drop.

At Bursa Malaysia’s 12.30pm break today, Euro Holdings’ share price settled down 51 sen or 29.65% at RM1.21. The top decliner on the local bourse saw 3.58 million shares traded.

Yesterday, Euro Holdings’ share price hit limit down after closing down 73 sen or 29.8% at RM1.72.

More to come