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. Yesterday, the stock closed at 38 sen, as compared to 66 sen on May 23....
The company’s outstanding shares were 588.83 million units, according to Bloomb
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2022-05-26 00:00:00.0