KUALA LUMPUR (Oct 5): Trading in shares of particle board manufacturer Mieco Chipboard Bhd will be suspended on Wednesday (Oct 6) morning.

Bursa Malaysia, in a filing on Tuesday, said the suspension is at the company’s request, pending an announcement.

Mieco had reported a net profit of RM1.2 million for the second quarter ended June 30, 2021, compared with a net loss of RM12.21 million in the same period a year prior.

This came as revenue surged 27.51% to RM81.2 million from RM63.68 million, underpinned by higher average selling price and sales volume. 

Mieco’s share price closed half a sen or 1% higher at 50.5 sen on Tuesday, valuing the company at RM420.04 million.