Scomi Group liable to delisting


KUALA LUMPUR: Buying and selling in SCOMI GROUP BHD securities shall be suspended on April 20 as its enchantment for a time extension to submit its regularization plan has been rejected by Bursa Malaysia Securities.

In a submitting with Bursa Malaysia, the follow Be aware 17 (PN17) firm stated the securities of Scomi can be delisted on April 22 except an enchantment towards the delisting is submitted to Bursa Securities on or earlier than April 18.

“Any enchantment submitted after the enchantment timeframe won’t be thought of by Bursa Securities,” it stated.

“Within the occasion the corporate submits an enchantment to Bursa Securities throughout the enchantment timeframe, the de-listing of the securities of the corporate from the official record of Bursa Securities on April 22 shall be deferred pending the choice on the corporate’s enchantment.

“Nevertheless, Bursa Securities shall proceed to droop the buying and selling of the corporate’s securities on April 20 regardless that the choice on the corporate’s enchantment remains to be pending,” it stated.

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