The stock price has been flying high right after 2pm yesterday. It jumps to day high of 0.60 but closed at 0.52 up 0.055 with volume of 1,649,892 lots.
Its warrant also traded heavily yesterday with volume of 102 millions, gaining 3 sen to close at 15 sen.
The suspension could be due to the most anticipated merger or take-over by TM.
Green Packet has long been speculated to be in talks with several major telecommunications companies, including TM and DiGi.Com Bhd, to sell a substantial stake in its 51%-owned Packet One Networks (M) Sdn Bhd (P1).
These could be the answer for the speculation.
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