KINSTEEL SHARES PLUNGE AHEAD OF SUSPENSION

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.