Wednesday, December 21, 2011

Vastalux active, falls after Bursa rejects application

Larger Smaller Reset KUALA LUMPUR (Dec 21): VASTALUX ENERGY BHD [] shares were actively traded on Wednesday after Bursa Malaysia Securities rejected its application for more time to submit its regularisation plan.

At 10.45am, Vastalux lost 5.5 sen to 3 sen with 14.27 million shares done.

Vastalux will see its shares suspended from trading on Dec 29 and delisted on Jan 3.

A Bursa Securities circular said on Tuesday the company had failed to submit its regularisation plan to the Securities Commission or Bursa Securities for approval within the timeframe under Bursa Securities Main Market Listing Requirements.

It said the suspension and delisting would take effect 'unless an appeal is submitted to Bursa Securities on or before Dec 28', it said.


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