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Oilcorp shares slide after PN17 classification.

Business Times (Malaysia)

| September 25, 2009 | COPYRIGHT 1999 Financial Publications Sdn Bhd. (Hide copyright information)Copyright

SHARES of Oilcorp Bhd, an oil and gas engineering services provider, dropped 28.3 per cent yesterday, its biggest decline in almost two years, after it was classified a Practice Note 17 (PN17) company by Bursa Malaysia.

Oilcorp said it will appoint a principal advisor to develop a formal regularisation plan.

Its shares closed at 19 sen, with more than 59.2 …

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