KINSTEEL SHARES PLUNGE AHEAD OF SUS­PEN­SION

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Kinsteel Bhd shares fell as much as 80% yes­ter­day af­ter Bursa Se­cu­ri­ties re­jected its ap­pli­ca­tion for an ex­ten­sion of time to sub­mit its reg­u­lar­i­sa­tion plan. Kinsteel, a PN17 company, will be sus­pended with ef­fect from Jan 5 and delisted on Jan 9, 2018. The stock fell 1.5 sen or 60% to 1 sen on 47.86 mil­lion shares traded yes­ter­day.

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