ML Global surges 300% on upliftment of suspension

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KUALA LUMPUR (Oct 2): Shares of ML Global Bhd surged 300% at mid-morning on Thursday and were the second top gainers after the stock resumed trade following the upliftment of its trading suspension.

At 10.31am, ML Global jumped 30 sen to 40 sen with 80,400 shares traded.

The company had on Oct 1 said in a filing to Bursa Securities that “to facilitate the implementation of the Company's renounceable rights issue with warrants which forms part of the company's regularisation plan, the suspension on the trading of the Company's shares will be uplifted with effect from 9.00am, Thursday, 2 October 2014”.