Please submit your regularization before the time frame.
Limpeh have this stock. Now cry also no tears. Kanasai.
| PN17-SUSPENSION AND DE-LISTING |
LISTING'S CIRCULAR NO. L/Q : 70255 OF 2014
PAN MALAYSIA CAPITAL BERHAD ("PMCAP" or "the Company") has failed to submit
its regularisation plan to Bursa Malaysia Securities Berhad ("Bursa
Securities") for approval within the timeframe stipulated under paragraph
8.04(3)(a)(i) of the Bursa Securities Main Market Listing Requirements ("Main
LR") and the Company's application for further extension of time has been
rejected by Bursa Securities.
In the circumstances and pursuant to paragraph 8.04(5) of the Main LR:-
(a) the trading in the securities of the Company will be suspended with
effect from 14 April 2014; and
(b) the securities of the Company will be de-listed on 16 April 2014
unless an appeal is submitted to Bursa Securities on or before 11 April 2014
("the Appeal Timeframe"). Any appeal submitted after the Appeal Timeframe will
not be considered by Bursa Securities.
In the event the Company submits an appeal to Bursa Securities within the
Appeal Timeframe, the removal of the securities of the Company from the
Official List of Bursa Securities on 16 April 2014 shall be deferred pending
the decision on the Company¿s appeal.
With respect to the securities of the Company which are currently deposited
with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may
remain deposited with Bursa Depository notwithstanding the de-listing of the
securities from the Official List of Bursa Securities. It is not mandatory for
the securities of a company which has been de-listed to be withdrawn from Bursa
Depository.
Alternatively, shareholders of the Company who intend to hold their securities
in the form of physical certificates, can withdraw these securities from their
Central Depository System (CDS) accounts maintained with Bursa Depository at
anytime after the securities of the Company have been de-listed from the
Official List of Bursa Securities.
This can be effected by the shareholders submitting an application form for
withdrawal in accordance with the procedures prescribed by Bursa Depository.
These shareholders can contact any Participating Organisation of Bursa
Securities and/or Bursa Securities¿ General Line at 03-2034 7000 for further
information on the withdrawal procedures.
Upon the de-listing of the Company, the Company will continue to exist but as
an unlisted entity. The Company is still able to continue its operations and
business and proceed with its corporate restructuring and its shareholders can
still be rewarded by the Company¿s performance. However, the shareholders will
be holding shares which are no longer quoted and traded on Bursa Securities.
Head, Enforcement
|
04/04/2014 07:00 AM |