Awantec shares surge 49% as affected listed issuer status, trading suspension lifted

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Awanbiru,Awantec,Bursa Malaysia

Experts have long warned about the threat posed by artificial intelligence going rogue – but a new research paper suggests it’s already happening.

resumed trading on Monday, soaring 49% after Bursa Malaysia lifted its affected listed issuer status and suspension on the trading of its securities.

At 9.40am, the share was up 14.5 sen or 56.86% to 40 sen a share with 22.21 million shares crossing hands. Awantec was classified as an affected listed issuer in January 2021 after its wholly-owned subsidiary, Prestariang Systems Sdn Bhd, terminated its membership in the Microsoft Partner Network. On May 7, the company had filed its results for the third quarter ended March 31, 2024, with Bursa Malaysia, registering a net profit of RM2.14mil as compared to a net loss of RM1.99mil in 3QFY23.

Awanbiru Awantec Bursa Malaysia Suspension Regularisation

 

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