Quick take: E&O shares down 11% after cash call move


The key FBM KLCI fell briefly below the crucial 1,600 level in afternoon trade on Monday on mounting selling pressure in line with the key Asian markets.

KUALA LUMPUR: Shares in Eastern & Oriental Bhd (E&O) tumbled 11% after the developer asked investors for RM550.3mil to fund its property development projects.

The counter, one of the top losers, fell 11.01%, or 12 sen to 97 sen with over two million shares done.

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E&O , Eastern & Oriental

   

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