Bursa Securities to delist Scomi on March 31 FMTNews FMTBusiness
Bursa Malaysia Securities has rejected Scomi Group’s request to vary the terms and conditions for the company to settle the sum of RM8 million to Maybank before March 15.
The stock exchange regulator also dismissed the Practice Note 17 company’s appeal for a further six months extension of time to submit its regularisation plan to the relevant authorities, and decided to delist it pursuant to Paragraph 8.04 of Bursa Securities Main Market Listing Requirements. “Under these circumstances, the securities of the company will be removed from the official list of Bursa Securities on March 31,” it added.
The regulator noted that upon the delisting, the company will continue to exist but as an unlisted entity.
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