API shares suspended

Australian Pharmaceutical Industries to assess carrying value of its assets.

Shares in Australian Pharmaceutical Industries (API) have been suspended from trade while the drugs distributor and pharmacies operator assesses the carrying value of its assets.

"The suspension is necessary as API is continuing to make an assessment of the carrying value of its assets, as part of the process of finalising its half year results scheduled to be released on 30 April, 2014," the company said.

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