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G3 (7184) G3 GLOBAL BHD's share price upper limit frozen

KUALA LUMPUR (March 17): Bursa Malaysia has frozen the upper limit price for shares of G3 Global Bhd, after the counter hit limit up for two consecutive days.

G3 Global shares, which were trading at two-year lows this month, jumped 30 sen on Tuesday to close at RM1.11.

On Wednesday, the counter rose by 29.73% or 33 sen to settle at RM1.44 with 24.98 million shares traded.

G3 Global, which distributes ICT products, has reported losses since 2010, with the exception of 2013.

For the year ended Dec 31, 2020, G3 Global's net loss narrowed to RM12.34 million from RM17.12 million in the previous year. Revenue fell 44.43% to RM15.03 million from RM27.04 million.

At its last closing price of RM1.44, G3 Global is valued at RM769.03 million.

http://www.theedgemarkets.com/article/g3-globals-share-price-upper-limit-frozen

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