Oct. 23) SAN DIEGO — Produce grower and distributor Bionova Holding Corp. has disclosed that the American Stock Exchange recently sent the company a letter explaining the stock exchange’s intention of striking Bionova’s common stock from listing and registration.

In a letter dated Oct. 15, AMEX said it was taking the action due to company losses in three of four most recent fiscal years, for stockholder equity dropping below the required levels and for losses so substantial that the stock exchange directors wonder if Bionova can meet its obligations and continue operating.

AMEX sent the company a similar letter in September 2002, but Bionova’s efforts to comply have been unsuccessful, the stock exchange reported.

Nonetheless, Bionova said Oct. 21 in a news release that it would appeal the newest action in a hearing within 45 days.

Bionova’s Master’s Touch and FreshWorld Farms brands are widely distributed in North American markets.

Bionova Holding is majority owned by Mexico-based Savia SA de CV. Its shares were trading at 36 cents Oct. 23. Its 52-week range was 9 to 55 cents.