KUALA LUMPUR: MUI Properties Bhd has halted trading of its securities for a day ahead of a significant announcement, as approved by Bursa Malaysia Securities Bhd. The suspension commenced at 10:38 a.m. with the stock last traded at 43.5 sen.

According to BERNAMA News Agency, the request for a one-day suspension was made by MUI Properties Bhd, awaiting the dissemination of a material announcement. The company’s securities will remain suspended on the Main Market of Bursa Malaysia until 5 p.m. today.

The specifics of the forthcoming announcement remain undisclosed, prompting speculation and anticipation among investors and market analysts. The temporary suspension is a regulatory measure to curb speculative trading and ensure an orderly market once the material information is released.

Market participants are closely monitoring developments, as the forthcoming announcement may have significant implications for MUI Properties Bhd’s future operations and financial standing. The company’s decision to seek a trading suspension underscores the importance of the pending announcement.