Asia
Widad Group's Unit Receives Letter of Demand from Hikmat Duta; Shares Plunge 33%
Widad Group's (KLSE:WIDAD) subsidiary, Widad Builders, received a letter of demand from Hikmat Data, according to a Thursday filing with the Malaysian Exchange.The subsidiary is engaging in discussions with Hikmat on a proposed settlement plan to resolve the matter amicably.Shares of the construction company plunged over 33% in Thursday trading.
KLSE:WIDAD
