Why Did GIBO Holdings Plunge 16.35% Amid Volatility Pause?

On May 13, 2025, GIBO Holdings experienced a significant drop of 16.35% in pre-market trading, reflecting a period of heightened market volatility.

The trading of GIBO Holdings was temporarily halted at 09:33 EDT due to a volatility trading pause. This measure was implemented to stabilize the stock's performance and protect investors from excessive market fluctuations. Such pauses are common during periods of high volatility to maintain orderly market conditions.

GIBO Holdings recently underwent a stock merger with Bukit Jalil Global Acquisition 1 (BUJA). Shareholders of BUJA will receive 1.0000 shares of GIBO for each share of BUJA they previously held. This corporate action is part of the company's strategic initiatives to enhance shareholder value and streamline its operations.