AsiaEP tumbles ahead of delisting (0039)

KUALA LUMPUR: Shares of AsiaEP Resources Bhd fell on Friday ahead of a possible delisting from Bursa Malaysia on Sept 26, unless the company files an appeal by Sept 21.
At midday, its share price fell two sen to one sen. It was the second most active counter with 22 million shares done.
The
FBM KLCI rose 9.02 points to 1,637.42. Turnover was 475.28 million
shares valued at RM834.29mil. Advancers beat decliners 441 to 167 while
305 counters were unchanged.
Trading in the stock of AsiaEP will be suspended from Sept 24, according to a Bursa Malaysia Securities circular on Thursday
In
May, AsiaEP was classified as a Guidance Note 3 company by Bursa
Malaysia, after triggering Bursa Malaysia's Guidance Note 3 2.1 (j)
which states that the listed corporation has an insignificant business
or operations.
The ACE Market-listed e-commerce solutions provider has been in the red for the last three financial years.