Najib's son buys Supercomnet?

Another penny stock made a huge gain in KLSE. Supercomnet ( SCOMNET )!

The stock jumped from low of RM0.11 to highest of RM0.58 within two weeks on rumor on the boardroom changes.

Finally Supercomnet announced it has struck a deal with Prime Minister's son Mohd Nazifuddin Mohd Najib allowing him for an option to buy 18% of this ACE Market listed company for an amount of RM10 million.

Supercomnet, formerly known as Supercomal Technologies Bhd is a company that manufacturing wires and cables for the automotive and medical industries. It was listed on the then Mesdaq Market in April 1999.

Earlier the company was queried by Bursa Securities on their unusual market activity (UMA).

Before that, PM's son was involved in Harvest Court but resigned as director after about a month on the board.