Khazanah's Nasdaq-listed company shares jumps 2,000 pct

Last update: 11/01/2019
By Nurul Hanis Izmir

KUALA LUMPUR, Jan 11 (Bernama) -- Nasdaq-listed company Phunware, Inc., which is largely owned by Khazanah Nasional Bhd with 2.2 million shares, saw its price jumped by more than 2,000 per cent from its last year’s low, according to Bloomberg.

It said the rally started after the cloud software provider from Texas completed its merger with Stellar Acquisition Inc. at the end of December last year.

To recap, Phunware’s shares finished the year 2018 at US$14.26 and closed at a record of US$220 on Wednesday.

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