An analyst told Bernama that the macro factors expected to affect the FTSE Bursa Malaysia KLCI next week, includes the Group of Seven(G7) meeting as investors search for clues on the trade outlook, as well as the timing of the next interest rate hike by the US Federal Reserve (Fed) which meets on June 12.
KUALA LUMPUR: Trading in the shares of Tadmax Resources Bhd has been suspended for the duration of Monday trading as per the group's request, pending an announcement to clarify on a news article.
Tadmax had requested for the suspension following a news report that the Malaysian government had cancelled its RM3.5bil power plant project in Pulau Indah.
Citing a source, a business publication reported on Saturday that the 1000MW to 1,200MW combined cycle gas turbine project is the latest contract to be cancelled by the Pakatan Harapan government following the scrapping of four other independent power producer contracts.
Tadmax last traded at 28.5 sen a share on Friday.
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