KUALA LUMPUR: Bursa Malaysia Securities Bhd has extended the deadline for Ho Hup CONSTRUCTION [] Co. Bhd by another three months to Nov 4 to submit its regularisation plan.
The company said on Wednesday, Aug 11 that the further extension of time granted to Ho Hup was without prejudice to Bursa Securities' right to proceed to suspend the trading of the securities of Ho Hup and to commence de-listing procedures.
This would take effect if Ho Hup fails to submit the regularisation plan on or before Nov 4; or fails to obtain the approval from any of the approving authorities necessary to implement its regularisation plan and does not appeal to these authorities within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal.
Other factors are that if Ho Hup does not succeed in its appeal against the decision of the approving authorities; or
if Ho Hup fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the approving authorities.
The company said on Wednesday, Aug 11 that the further extension of time granted to Ho Hup was without prejudice to Bursa Securities' right to proceed to suspend the trading of the securities of Ho Hup and to commence de-listing procedures.
This would take effect if Ho Hup fails to submit the regularisation plan on or before Nov 4; or fails to obtain the approval from any of the approving authorities necessary to implement its regularisation plan and does not appeal to these authorities within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal.
Other factors are that if Ho Hup does not succeed in its appeal against the decision of the approving authorities; or
if Ho Hup fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the approving authorities.
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