KUALA LUMPUR (Reuters) - A Malaysian high court has put on hold for one week the temporary operating license granted to Lynas Corp Ltd's controversial rare earth plant near the eastern city of Kuantan, activists said, sending shares of the Australian firm tumbling 8 percent.
"Lynas won't be able to execute the Temporary Operating Licence for one week pending the application for a permanent stay," Tan Bun Teet, spokesman for the environmental group Save Malaysia Stop Lynas, told Reuters on Tuesday.
The Kuantan high court decision on Tuesday means the hearing for the permanent application will be held on October 4, he added.
