Cypark stock suffered a 24% drop on May 24 and another drop of 24% on May 25, dragging the market capitalisation to RM223.8mil as of yesterday, according to Bloomberg data. (File pic: Cypar'ks renewable energy park in Pajam)
PETALING JAYA: Over RM160mil was wiped off Cypark Resources Bhd
’s market capitalisation in a mere two days, as short-sellers exerted pressure on the renewable energy player.
The stock suffered a 24% drop on May 24 and another drop of 24% on May 25, dragging the market capitalisation to RM223.8mil as of yesterday, according to Bloomberg data.
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