Harvest Court Industries Bhd shares plunge following news that Mohd Nazifuddin Mohd Najib resigned yesterday as the non-executive director of the company.

Mohd Nazifuddin holds 3.982 million shares in Harvest Court.
As at 9.55 am, the counter fell 42 sen to 98 sen and was the major loser thus far.

On Nov 15, Bursa Malaysia Securities suspended trading in the counter saying that securities of Harvest Court Industries and Harvest Court Industries warrants were designated securities with effect from Nov 16 due to excessive speculation in trading of both securities.

With the designation, trading in the counter was allowed but required upfront payment before purchase and a free balance of securities before disposal can be made.

Yesterday, the counter closed four sen higher at RM1.40.
Harvest Court operates in four segments namely timber product manufacturing; construction; property development; and investment holding and others.-- Bernama