The builder's chief executive Hasan Ismaik quit last week. He owns 28.5 per cent of the firm and the future of that stake is uncertain.
"These actions included termination of a limited number of staff."
The group's shares had rocketed this year - for years its stock was priced between one and
And as the group makes up around six per cent of the
The market overall had increased by more than 50 per cent from January to May, before falling back sharply.
It now stands more than 25 per cent below last month's peak.
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