Mega Fortris short-selling halted as shares slide 18.06%
Bursa Malaysia said intraday short-selling would resume on Nov 12 at 8.30am, following the stock’s fourth suspension this month.
Bursa Malaysia suspended intraday short-selling (IDSS) in Mega Fortris Bhd on Nov 11 after its shares dropped 18.06% during morning trading. The stock lost 19.5 sen to reach 88.5 sen, a low last seen on Feb 13, 2026.
The shares later recovered some ground to 99 sen, leaving them nine sen or 8.33% lower, with trading volume at 5.7 million shares. The group’s market capitalisation at that price stood at RM844.97 million.
In a special announcement, Bursa Malaysia said the suspension followed a decline exceeding 15% or 15 sen against the reference price. Short-selling is scheduled to restart at 8.30am on Nov 12. Mega Fortris has now faced four IDSS suspensions this month.
Separately, Mega Fortris said on Oct 30 that Datuk Ng Meng Kee, its chairman, and Mega Fortris Global Pte Ltd, a substantial shareholder, had secured an order from the Kuala Lumpur High Court against Affin Hwang Nominees Tempatan Sdn Bhd. They sought information on five transactions between March 25 and 31, 2026, involving Mega Fortris shares held for Safari Asia Ltd.
Affin Group subsequently said Affin Hwang Nominees’ role was limited to acting as its client’s broker.
