APFT shares plunge to all-time low

KUALA LUMPUR: Flight education and training service provider APFT Bhd shares plunged to a record low in morning trade Thursday. 

The stock fell 33.33% its biggest move in over three years. It was one sen lower at two sen, with 245 million units changing hands, making it the most heavily traded counter. Its trading volume was almost 20 times the 20-day average for this time of the day.

APFT high at all time high of RM1.05 in May 2011. Year-to-date, the counter has fallen some 50%. 

Earlier this month, APFT saw a brief emergence of Goh Boon Soo @ Goh Yang Eng as a substantial shareholder.

According to filings with Bursa Malaysia, Goh acquired 20 million shares or 3.64% of APFT, making him a substantial shareholder of the company. However, he sold three million shares or a 0.55% stake and ceased to be so a day later.