KUALA LUMPUR (Aug 29): Electronic gaming machine maker RGB International Bhd was the most briskly traded stock on Bursa Malaysia in Tuesday morning trade, with 131.70 million shares changing hands as at the time of writing.
Its trading volume on Tuesday morning was over eight times its 200-day average of 15.68 million shares.
The company's share price slumped by as much as 9.68% or three sen to 28 sen, but it later pared losses to reach 30 sen, lower by one sen or 3.23%.
At 30 sen, the stock had a market capitalisation of RM464.47 million.
On Monday, the group clarified that it only undertakes the outright sale of gaming machines, and had no involvement or ownership of slot clubs in the country.
In a bourse filing, RGB added that it "had not and will not condone any form of political funding".
The group was responding to an article entitled "RGB International Bhd Syarikat Judi Taja Hamzah, VIP, PN: CEO dan Tan Sri ditahan SPRM?" published by Sabahkini2.com on Sunday.
According to a report in Utusan Malaysia on Sunday, 13 individuals including an individual with the Tan Sri title were arrested by the Malaysian Anti-Corruption Commission last Wednesday on suspicion of being involved in the ownership of companies that supplied gambling slot machines.
They allegedly received funds from companies that were granted licences to operate slot machine activities in private clubs owned by the companies, with the funds used to finance campaigns during the 14th and 15th general elections and the recent state elections.