Integrated Media Technology Ltd. shares were recently down 28% to $2.63 after they lost more than two-thirds of their value on Wednesday.
The stock closed at $11.23 on Tuesday and at $3.65 the next day.
IMTE’s operations include manufacturing electronic glass and nano-coated plates, financial research and operating a platform for trading digital assets. In January, the Australian company said it was entering the market of Halal certification and foods.
IMTE said Thursday that its World Integrated Supply Ecosystem Sdn. Bhd. unit entered a memorandum of understanding with the Central Islamic Council of Thailand and others to collaborate on Halal affairs including standards, inspection and certification.