KUALA LUMPUR: Bursa Malaysia Securities Bhd has rejected DIS TECHNOLOGY [] Holdings Bhd's appeal against its de-listing as the latter's financial condition does not warrant continued listing.
Bursa Securities said on Monday, Aug 9 that DIS Tech had failed to appoint a sponsor within three months from the company's first announcement in accordance with the ACE Market listing regulations, that is on or before July 6.
"There is no justification to grant further extension of time to DIS Tech," it said.
Bursa Securities said the requirement to appoint a sponsor was fundamental to assist the company to draw up a regularisation plan.
"Accordingly, the securities of DIS Tech will be removed from the Official List of Bursa Securities on Thursday, Aug 19. DIS Tech is required to communicate Bursa Securities' decision to its shareholders," it said.
Bursa Securities said on Monday, Aug 9 that DIS Tech had failed to appoint a sponsor within three months from the company's first announcement in accordance with the ACE Market listing regulations, that is on or before July 6.
"There is no justification to grant further extension of time to DIS Tech," it said.
Bursa Securities said the requirement to appoint a sponsor was fundamental to assist the company to draw up a regularisation plan.
"Accordingly, the securities of DIS Tech will be removed from the Official List of Bursa Securities on Thursday, Aug 19. DIS Tech is required to communicate Bursa Securities' decision to its shareholders," it said.
No comments:
Post a Comment