Carotech shares dive on delisting news

Carotech Bhd's shares fell by 50 per cent pursuant to yesterday's announcement that trading in the company's shares will be suspended from April 6 and the shares will be delisted on April 10.

This is unless an appeal is submitted to Bursa Malaysia Securities (Bursa Securities) on or before April 5.

This is due to the company's failure to submit its regularisation plan to Bursa Securities for approval within the stipulated time.

As at 10.12 am Friday, Carotech's share prices fell 2.5 sen to 2.5 sen, with 47.8 million shares transacted and was the major active counter today.

Carotech, a palm-based products manufacturer, has applied to Bursa Securities for an extension of time to submit its regularisation plan to the relevant authorities.

Carotech had announced that Bursa Securities had vide its letter dated yesterday, informing that after due consideration of all facts and circumstances of the matter, Bursa Securities had decided to reject the application. -- Bernama

condolences....as sifu said...die by the sword....
lesson learnt ....dangerous to carry gorengs overnight....

i wonder if i absorb 50k lots at 2c [You must be registered and logged in to see this image.]