PETALING JAYA: Seacera Group Bhd ’s shares tumbled after bank-forced selling by its major directors.

The tile manufacturer and property company saw its counter lose 7.5 sen, or 32.61%, to close at 15.5 sen yesterday. It was the most actively traded counter with 120.5 million shares changing hands.

According to sources, Seacera’s three major shareholders – Zulkarnin Ariffin, Datuk Mansor Masikon and Datuk Ismail Osman – have been forced to sell down their stakes in the company on the market.

At its current price, Seacera is trading at a mere 0.08 times its net tangible asset of RM1.87 as at June 30, 2018.

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