KUALA LUMPUR: Loss-making VASTALUX ENERGY BHD [] is in search of a 'white knight' to inject funds into the Practice Note 17 company.
Its chairman Rosthman Ibrahim said on Thursday, June 30 the company had been talking to several parties and it would make an announcement in a month.
In the first quarter ended March 31, 2011, it posted net loss of RM148,000 while revenue was only RM74,000.
Vasatalux had said it prospects for the current financial year hinges on the regularisation plan pursuant to its status as an affected listed user under the PN 17 of the Listing Requirement.
Its chairman Rosthman Ibrahim said on Thursday, June 30 the company had been talking to several parties and it would make an announcement in a month.
In the first quarter ended March 31, 2011, it posted net loss of RM148,000 while revenue was only RM74,000.
Vasatalux had said it prospects for the current financial year hinges on the regularisation plan pursuant to its status as an affected listed user under the PN 17 of the Listing Requirement.
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