Listed in the PN17 ranking drags down the stock price
External auditors were unable to express opinions on the audit financial report as of the end of June 2023, causing ANNUM to becomePN17company.
Although Annuo has submitted an annual report and resumed trading today, investors seem not to appreciate it and sold off in a big way, causing the stock price to plummet by 31.58% to 6.5 cents at one point, while also writing a record low since listing.
The stock then gradually narrowed its decline and closed at 8.5 cents when the market closed.
Source: Nanyang Siang Pao
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