Ageson falls 8.6% on no sand export approval

TheStar Wed, May 13, 2020 11:20am - 4 years View Original


Bernama quoted JMG director-general Datuk Shahar Effendi Abdullah Azizi as saying that no applications had been received or AP approval given to Ageson or its subsidiary Esa Pile Sdn Bhd.

PETALING JAYA: Shares in Ageson Bhd closed 8.6% lower, following a clarification by the company that it had no approved permit (AP) for the export of sand.

The counter closed 8.57%, or 1.5 sen lower at 16 sen with over 96.52 million shares being traded. Ageson-PA closed unchanged at two sen with 50.9 million shares done. The counter was suspended for an hour until 10.07am.

In a filing with Bursa Malaysia, Ageson said that neither the company nor any entities within the group and its subsidiaries had the AP for sand export.

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