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OTHERS WINTONI GROUP BERHAD ("WINTONI" OR "COMPANY") -RESIGNATION OF TA SECURITIES HOLDINGS BERHAD AS THE COMPANY'S SPONSOR; AND -APPLICATION OF EXTENTION OF TIME TO APPOINT A REPLACEMENT SPONSOR AND TO SUBMIT THE COMPANY'S REGULARISTION PLAN.

WINTONI GROUP BERHAD

Type Announcement
Subject OTHERS
Description
WINTONI GROUP BERHAD ("WINTONI" OR "COMPANY")
-RESIGNATION OF TA SECURITIES HOLDINGS BERHAD AS THE COMPANY'S SPONSOR; 
  AND
-APPLICATION OF EXTENTION OF TIME TO APPOINT A REPLACEMENT SPONSOR AND TO SUBMIT THE 
 COMPANY'S REGULARISTION PLAN.

The Board of Directors of Wintoni wishes to announce that TA Securities Holdings Berhad ("TA Securities") will resign as the Company's Sponsor with effect from 1 December 2020. 

 

The Company has on 30 November 2020 applied to Bursa Malaysia Securities Berhad ("Bursa Securities "), amongst others, for an extension of time of four (4) months from 30 November 2020 to appoint a replacement Sponsor, and the Company will proceed to make further annoucneemnt upon the appoinment of the replacement Sponsor in due course.

 

In view of the resignation of the TA Securities as the sponsor of the Company effective 1 December 2020, the Company has also on 30 November 2020 simultaneously submitted an application to seek Bursa Securities’ approval for an extension of time up to 30 June 2021 for the Company to submit its proposed regularisation plan and shall await a decision from Bursa Securities on the said application. The Company will proceed to make make further announcement upon receiving a decision from Bursa Securities.

 

 

This announcement is dated 30 November 2020.






Announcement Info

Company Name WINTONI GROUP BERHAD
Stock Name WINTONI
Date Announced 30 Nov 2020
Category General Announcement for PLC
Reference Number GA1-30112020-00136


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