KUALA LUMPUR (March 30) : CAROTECH BHD [] shares fell 60% on Friday morning following updates that trading of the stock will be suspended beginning next Friday. The firm, which extracts and sells palm oil-based phytonutrients, failed to submit its regularisation plan to Bursa Malaysia within the stipulated time frame.
Shares of Carotech fell three sen to two sen with some 32 million units done, making the stock the most active across the local bourse.
The stock market regulator had earlier rejected Carotech’s application for a time extension to submit its regularisation plan. Carotech said it will appeal against the decision.
Shares of Carotech fell three sen to two sen with some 32 million units done, making the stock the most active across the local bourse.
The stock market regulator had earlier rejected Carotech’s application for a time extension to submit its regularisation plan. Carotech said it will appeal against the decision.
