Kenyataan Media
ICON OFFSHORE BERHAD SECURITIES (“ICON”) AND ICON ORDINARY RIGHTS WITH WARRANTS (“ICON-OR”) DECLARED AS “DESIGNATED SECURITIES”
Kuala Lumpur, 24 January 2020 – Bursa Malaysia Securities Berhad (“Bursa Securities”) has declared the securities of ICON Offshore Berhad (“ICON”) and ICON Ordinary Rights With Warrants (“ICON-OR”) as “Designated Securities” with effect from 9.00am Tuesday, 28 January 2020 until further notice.
The decision to designate the securities of ICON and ICON-OR is due to excessive speculation observed in the trading of the securities and has been taken in the interest of ensuring a fair and orderly market.
With the designation, trading in the
counters will require payment upfront before buying and a free balance of
securities before selling.
Investors are advised that their investment decisions should be made on an informed basis, including an assessment of the fundamentals of the company.