KUALA LUMPUR: KENMARK INDUSTRIAL CO. (M) BHD [] faces suspension for failing to submit its quarterly report for the financial period ended March 31, 2010 to Bursa Malaysia Securities.
Bursa Securities said on Tuesday, June 1 that if a listed issuer fails to issue the outstanding financial statements within five market days after the expiry of the relevant timeframes,'' it will be suspended the next market day after the suspension deadline.
"In view of the above, the trading in the above company's shares will be suspended with effect from 9am, Tuesday, June 8 until further notice," it said.
Bursa Securities also said if a listed issuer fails to issue the outstanding financial statements within six months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take; de-listing procedures shall be commenced.
Kenmark's share price hit a fresh record low, down 4.5 sen to 6 sen with 191 million shares done.
On Monday, Kenmark's share price tumbled after top officials of a company went missing, leaving suppliers and at least two local financial institutions that had extended loans amounting to at least RM72 million high and dry.
Bursa Securities said on Tuesday, June 1 that if a listed issuer fails to issue the outstanding financial statements within five market days after the expiry of the relevant timeframes,'' it will be suspended the next market day after the suspension deadline.
"In view of the above, the trading in the above company's shares will be suspended with effect from 9am, Tuesday, June 8 until further notice," it said.
Bursa Securities also said if a listed issuer fails to issue the outstanding financial statements within six months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take; de-listing procedures shall be commenced.
Kenmark's share price hit a fresh record low, down 4.5 sen to 6 sen with 191 million shares done.
On Monday, Kenmark's share price tumbled after top officials of a company went missing, leaving suppliers and at least two local financial institutions that had extended loans amounting to at least RM72 million high and dry.
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