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PARAGRAPH/RULE 8.03A COMPANIES : REGULARISATION PLAN

MAJUPERAK HOLDINGS BERHAD

Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
REGULARISATION PLAN
Description
MAJUPERAK HOLDINGS BERHAD ("MJPERAK" OR THE "COMPANY")

EXTENSION OF TIME TO SUBMIT ITS REGULARISATION PLAN UNDER PARAGRAPH 8.03A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Reference is made to the announcement dated 1 April 2022 wherein M&A Securities Sdn Bhd (“M&A Securities”) announced that it has on 1 April 2022 submitted an extension of time application to submit the Company’s regularisation plan to the relevant regulatory authorities.

 

On behalf of the Company, M&A Securities is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has decided to grant the Company an extension of time up to 11 October 2022 to submit its regularisation plan to the relevant regulatory authorities.

 

The extension of time is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of the Company and to de-list the Company in the event:-

 

(i) the Company fails to submit the regularisation plan to the regulatory authorities on or before 11 October 2022;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

 

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities may suspend the trading of the listed securities of MJPerak on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting.

 

This announcement is dated 26 April 2022.






Announcement Info

Company Name MAJUPERAK HOLDINGS BERHAD
Stock Name MJPERAK
Date Announced 26 Apr 2022
Category General Announcement for PLC
Reference Number GA1-26042022-00084


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